Jobs
Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers
- Surging prices are squeezing household budgets across Japan
- Union members looking for increase of 4.49%, most since 1998
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Labor unions at major Japanese companies are demanding workers get their highest pay raise in 25 years, according to the Japanese Trade Union Confederation, as surging prices squeeze household budgets across the nation.
Union officials submitted their requests for monthly wage increases, which resulted in demands for an average increase of 4.49%, or 13,338 yen (US$98) per month as of March 1, according to a press release on Friday. The last time members of the confederation sought an increase of more than 4% was in 1998, it said.