Toyota's Umbrella Labor Group to Seek Smaller Wage Raise in 2016
- Smaller raise demand based on `comprehensive judgment'
- Not every company benefited from weak yen, federation says
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The umbrella labor group representing Toyota Motor Corp. and its related companies said it will seek half the minimum wage increase in 2016 compared with its plan entering the fiscal year.
The Federation of All Toyota Worker’s Unions, which represents Toyota Motor and subsidiaries including Denso Corp., said its members intend to request a raise of 3,000 yen ($25) or more in monthly base pay, according to Chairman Tatsuya Sasaki at a briefing in Tokyo Friday. Last year, the group said it would demand gains of at least 6,000 yen.