Toyota workers seeking pay raise

[DBeaSSt]

http://www.marketwatch.com/news/story/toyo...t=TQP_Mod_mktwN

The labor union covering Japanese workers at Toyota Motor Corp. formally decided Thursday to seek an average cost-of-living increase of 4,000 yen ($44) in the basic monthly pay of regular employees, according to a Kyodo News report. The union also wants an average annual bonus of around 1.9 million yen per worker, down more than 500,000 yen from the previous business year, the report said. The request marks the fourth straight year that the labor union has demanded a pay increase and comes after Toyota said earlier this month it expects an operating loss of 450 billion yen for the year ending March 31, its first since the 1930s. . The union demanded an increase of 1,500 yen a year earlier.

The union also decided at its meeting to seek an average annual bonus of around 1.9 million yen per worker, down more than 500,000 yen from the previous business year, due to worsening business conditions. The figure is equivalent to five months' wages plus 200,000 yen.

The requests came as the nation's top automaker has been severely hit by slumping car sales worldwide amid the economic slowdown. Last Friday, Toyota lowered its forecast for the 2008 business year to March 31 to a group net loss of 350 billion yen, the first red ink since it began releasing net earnings data in 1963.

[cletus8269]

[gm4life]

I agree give it to them because we all know Toyota has so much money.

[Justin Bimmer]

It just amazes me how they are model corporate citizens in Japan with their labor unions and such and when they build cars here, they stay away from equal pay and unions like the plague.