Major Japan Firms Agree To Big Wage Hikes Amid Labor Shortages
Allwork
MARCH 12, 2025
Major Toyota auto parts supplier Denso also plans record pay hikes while Toyota said the combined increase in pay for manufacturing staff would match that of last year, which was the highest since 1999. Economists expect Japan Inc’s average pay hike for 2025 to be similar to last year’s 5.1%
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