Top Japan firms set to offer big pay hikes, focus on Iran conflict ahead In this article : [Yahoo! Finance Canada]
MAZDA MOTOR CORP UNSP/ADR (MZDAY)
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Source: Yahoo! Finance Canada
Wednesday, reflecting ?strong pay momentum for a fourth consecutive year, although uncertainty from the Middle ?East conflict clouds the outlook. The ongoing wage talks have been largely insulated from the impact of higher U.S. tariffs, as companies are eager to reward workers with generous pay increases to retain them ?amid persistent labour shortages. Attention ?is now shifting to whether Japan can sustain strong wage growth beyond this year, as surging ?oil prices triggered by the Middle East conflict could slow the economy and erode corporate profits. Annual wage talks between management and labour ?unions typically ?conclude around mid-March at major ?firms, with many, including ?Toyota Motor and Hitachi, finalising their negotiations on Wednesday. Some companies, such as Mazda Motor and Mitsubishi Motors, have already wrapped up their wage talks well ahead of schedule after quickly agreeing to meet union demands in full. Mitsubishi Motors agreed to an average ?5.1% pay
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