Japanese Electronics Makers Agree on 1,000-Yen Pay Scale Hike

Economy

Tokyo, March 9 (Jiji Press)--Six major Japanese electronics makers and their labor unions have effectively agreed on a pay scale increase of 1,000 yen per month this year, informed sources said Saturday.

In their "shunto" annual spring wage negotiations, the labor unions are calling on the management side to increase the pay scale by at least 1,000 yen in order to avoid going on strike.

The management side is expected to accept the demand, the sources said.

This marks the sixth straight year of pay scale increase by major electronics makers, though the pace of rise slows from last year's 1,500 yen.

In this year's shunto talks, the labor side initially demanded an increase of 3,000 yen for the fourth consecutive year.

[Copyright The Jiji Press, Ltd.]

Jiji Press