The Yomiuri ShimbunTo realize a virtuous economic cycle led by domestic demand, it is important to further spread, and sustain, the trend for pay hikes. Automakers, electronics makers and other leading companies, which set the tone in shunto spring wage negotiations, have decided to implement pay scale hikes that will raise the base pay levels for regular workers for the third year in a row. Among automakers, whose labor unions called for a monthly pay scale hike of ¥3,000, the management of Nissan Motor Co. agreed to fully meet the demand. Toyota Motor Corp. offered the labor side a pay scale hike of ¥1,500. The management of leading...
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