How much did the salary of Toyota employees increase?
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According to the report of Fars News Agency’s International Economy reporter, citing Reuters, the Japanese Toyota automobile company announced that it has accepted the proposal of its workers’ union and wants to apply the largest salary increase in the last 20 years to its employees.
The Japanese government has increased efforts to pressure companies to raise the salaries of employees and workers.
Toyota is the world’s largest car manufacturer and has one of the largest workforces in Japan.
The Japanese government seeks to reduce the negative effect of inflation on consumers by raising workers’ salaries.
Toyota’s new CEO, Koji Zato, has announced that he has fully accepted the union’s request at the very beginning of negotiations.
After Toyota, Honda announced that it had agreed to a 5 percent wage increase from its union. 92.7 dollars, equivalent to 12,500 yen, will be added to the salaries of Honda employees on a monthly basis, which is the biggest wage increase in this country in the last 23 years.
The inflation rate in Japan recently reached the highest level in the last 40 years.
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