Toyota Counters Union Wage Request With Offer for Slimmer Raise
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Toyota Motor Corp., which makes more profit than all other Japanese carmakers combined, will offer to raise wages by one-third less than what its labor union requested.
The automaker’s management is proposing a 4,000 yen ($33) monthly wage increase, Yasuyuki Takagi, a spokesman for the Toyota Motor Workers’ union, said by phone. Workers will decide by March 31 whether to accept the offer, which falls short of the union’s 6,000 yen demand, he said.