Wednesday, February 17, 2016

Japan auto unions seek smaller pay raises as economy stagnates






February 17, 2016 – 6:30 am ET


TOKYO (Bloomberg) — Japan’s autoworkers will ask for raises from carmakers led by Toyota Motor Corp. for a third straight year while scaling back from their demands in 2015.


Eleven unions representing workers at Japan auto companies will each seek 3,000 yen ($26) monthly raises for the fiscal year beginning in April, the Confederation of Japan Automobile Workers’ Unions said Wednesday in a statement. The groups asked for 6,000 yen a year ago and reached agreements…



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Japan auto unions seek smaller pay raises as economy stagnates

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