Steady wage hikes are necessary to support the lives of people who are reeling from the coronavirus pandemic and suffering due to the rising prices of resources and food, among other things. Active pay increases by major companies during the shunto spring labor wage negotiations must spread throughout all industries.
Many major companies in the automobile and electrical industries, among others, have responded across the board to demands for higher pay and bonuses from their unions.
In an unusual move, Toyota Motor Corp. President Akio Toyoda indicated the company would pay the full amount requested by the union side in the first round of negotiations and the company reached an agreement one week before the date for the collective announcement of pay increases by many companies. In the auto industry, Honda Motor Co. and Nissan Motor Co. also accepted the requests of their unions.
