Jiji PressTOKYO (Jiji Press) — Six major Japanese electronics makers and their labor unions are likely to settle for a monthly pay-scale hike of ¥1,500 in their ongoing shunto spring management-labor wage talks, informed sources said Saturday.
It will mark the fifth consecutive year of base wage increases. The amount is higher than the previous year’s hike of ¥1,000.
The six companies — Hitachi Ltd., Toshiba Corp., Mitsubishi Electric Corp., NEC Corp., Fujitsu Ltd. and Panasonic Corp. — will formally give a unified response on Wednesday to the labor side’s wage request.
The labor side demanded a pay-scale hike of ¥3,000 per month, as it did last year, but the management side took a cautious stance following hikes totaling ¥7,500 over the past four years.
But management plans to agree to a ¥1,500 hike on the back of the industry’s robust business performances as a whole and Japanese Prime Minister Shinzo Abe’s repeated requests for pay increases of at least 3 percent.Speech