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As annual “shunto” or “spring labour offensive” negotiations at top firms concluded on Wednesday, electronics conglomerate Hitachi said it had agreed to a record 6.2% Economists expect Japan Inc’s average pay hike for 2025 to be similar to last year’s 5.1%
After the vote, union leaders said they were ready to immediately resume negotiations with Boeing on the first major negotiation since 2014, when the company used the threat of moving production of the new version of the 777 out of the region to push through a deal that ended traditional pensions. I want to get back to the table.
It is not clear how long it will take Boeing to get back to pre-strike production levels, although the strike is widely expected to delay to 2025 a year-end rate target of 38 jets per month. The 38% wage increase could add about $1.1 billion over the four-year contract to the workers’ cost base of about $2.5
Europe’s biggest carmaker has been negotiating for weeks with unions over plans to revamp its business and cut costs, including considering plant closures on home soil for the first time, in a blow to Germany’s industrial prowess. This is really about all our livelihoods for the future, about the suppliers.
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