According to The Asahi Shimbun, workers at several major companies will see their heftiest paychecks in decades after management accepted the wage hike demands of unions in the annual spring labor offensive.
Labor unions were seeking the highest pay hikes in recent years to help workers deal with the surge in consumer prices caused largely by Russia’s invasion of Ukraine in February last year.
Major electronics company NEC Corp. agreed on the full 7,000-yen (US$ 52) monthly pay-scale hike demanded by its union. The increase was 4,000 yen higher than last year’s pay-scale raise.
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