Toyota Pushes Back on Union Proposal

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March 10 (Bloomberg) –- Bloomberg’s Craig Trudell reports on talks between Toyota management and the labor union over the yearly wage increase. He speaks to Mia Saini on Bloomberg Television’s “Asia Edge.” (Source: Bloomberg)

Let's see how those they talks will lay out -- those pay talks will play out.

How does japan's union compared to others in japan?

Toyota's union is a little bit higher than some of the other automakers, which maybe makes sense.

The company is on pace for its best year ever for fiscal year profit.

The increase in base pay that is being sought is higher than the average.

But there has been some pushback on that front.

The company has said that the proposal by the union is surprisingly high.

You heard some interesting sort of retorts from the unions in response to that, saying that this is necessary for shinzo abe's push for increases in wages that are really needed to put an end to deflation in japan.

Is really close to $40. what has been the unions reaction and what has been japan's reaction to the unions for ozone -- to the union's proposal?

Question is about a 1% increase in base wages.

It is not a bold demand by the union.

I think a bigger number and the one that maybe gives toyota pause would be on the bonus front, which is almost seven months worth the equivalent for a bonus.

And that would bring the increase more in line with what abe is looking for.

It would be in excess of 2% increase in total pay for those workers.

What happens if each side is not able to some -- to come to some type of resolution?

A is very and usual to have disputes between labor and management in japan.

That is something that i think is worth watching.

Strikes are down by 99% from their peak in the new 1970's -- in the mid-1970's. we should know by later this

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