Japan Sees Bigger Average Pay Hike in 2019 "Shunto" Talks

Economy

Tokyo, April 5 (Jiji Press)--Labor unions have won a bigger monthly pay increase for the second straight year in their 2019 "shunto" talks with the management, the Japanese Trade Union Confederation, or Rengo, said Friday.

The average monthly pay rise stood at to 2.15 pct, or 6,412 yen, up from 2.13 pct in the previous year, Rengo said in an interim report as of 5 p.m. Wednesday, covering 2,276 unions.

The improvement was led by restaurant operators saddled with labor shortages. Meanwhile, many electronics manufacturers and automakers trimmed pay hikes due to U.S.-China trade friction and a Chinese economic slowdown.

On the strength mainly in the restaurant sector, Rengo President Rikio Kozu told a press conference that the results suggest that companies are striving to secure workers.

At large companies with 1,000 or more labor union members, pay hikes averaged 2.17 pct, up from 2.14 pct in the previous year.

[Copyright The Jiji Press, Ltd.]

Jiji Press