Japan firms across sectors offer pay hikes of up to 12% in spring talks

13 Mar 2024 15:46 | JHRS (Administrator)

An increasing number of major companies in Japan are reaching early deals with their labor unions on large pay hikes in this year's spring wage negotiations.

These firms include not only automakers and other manufacturers but also restaurant and other service operators and retailers, reflecting a recovery in earnings from the worst of the COVID-19 pandemic as well as a sense of crisis over labor shortages.

Source: https://www.japantimes.co.jp


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