Japan’s five major automakers met their unions’ bonus demands on Wednesday after this spring’s annual wage talks, Kyodo News reported.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMitsubishi 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.
