Japan’s five major automakers met their unions’ bonus demands on Wednesday after this spring’s annual wage talks, Kyodo News reported.
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Toyota Motor reportedly accepted its union’s demand to pay in 2005 an average bonus of 2.44 million yen, which is equal to five months’ wages plus a uniform 620,000 yen, the firm’s highest-ever bonus.
Nissan Motor agreed to pay a bonus equal to 6.2 months’ wages, meeting the union’s demand for a fifth straight year.
A Nissan manager told Kyodo News: ”Since our profitability is expected to reach a record level, we have decided to reward our workers for their contributions to our performance.”
Honda Motor reportedly will pay a bonus equal to 6.4 months’ wages.
Mitsubishi Motors, whose performance was damaged by a series of defect cover-ups and recalls, agreed to pay a bonus equal to three months’ wages, although the size of the bonus is the lowest ever.
Mazda Motor earlier agreed to pay a bonus equivalent to 5.5 months’ wages, Kyodo News said.
