Jiji PressTOKYO (Jiji Press) — The labor unions of major Japanese automakers submitted wage increase requests to the management side on Wednesday, demanding an effective pay-scale hike of ¥3,000 a month.
With the requests, this year’s shunto spring management-labor wage negotiations got into full swing. Many major firms are set to make wage proposals on March 14.
The auto industry labor unions made pay-scale hike requests for the fifth straight year. The demanded amount of increase was the same as last year.
Although the automakers are expected to achieve revenue growth in fiscal 2017, which ends in March, thanks to overseas sales expansions, the performances of their operating profits are likely to vary from company to company.
Moreover, the automakers are in an intense competition to develop cutting-edge technologies, including those related to electric vehicles and autonomous driving.
Under such circumstances, the labor unions are expected to face tough negotiations to win pay-scale increases, industry sources said.
The unions that submitted wage requests on Wednesday included those of Toyota Motor Corp., Nissan Motor Co. and Subaru Corp.
As for annual bonuses, the Toyota union sought the amount equivalent to 6.6 months’ salary, up 0.3 months from last year’s deal.
The union of Nissan, which lowered its fiscal 2017 operating profit forecast after improper vehicle inspections were found at its plants in Japan in September last year, requested 5.8 months’ salary, down 0.2 months.