{"id":43381,"date":"2023-11-07T04:59:06","date_gmt":"2023-11-07T04:59:06","guid":{"rendered":"https:\/\/prosfunds.com\/news\/japans-union-group-to-seek-6-wage-rise-at-next-springs-talks\/"},"modified":"2023-11-07T04:59:07","modified_gmt":"2023-11-07T04:59:07","slug":"japans-union-group-to-seek-6-wage-rise-at-next-springs-talks","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=43381","title":{"rendered":"Japan’s union group to seek 6% wage rise at next spring’s talks"},"content":{"rendered":"
\n

By Tetsushi Kajimoto<\/p>\n

TOKYO (Reuters) – Japan’s largest industrial union UA Zensen will seek a 6% total wage increase, of which 4% will be base pay hikes, at next spring’s negotiations, a union official said on Monday.<\/p>\n

Annual wage negotiations effectively kicked off on Monday and will be concluded on Jan. 23, before Japanese blue-chip companies offer next year’s wage hike plan in March.<\/p>\n

This year, Japanese firms offered workers the highest wage hikes in 30 years. Average Japanese workers’ wages had remained virtually flat since the asset-bubble burst in the early 1990s until this year.<\/p>\n

“We strengthened the resolve for wage hikes, emphasizing the determination to ‘tackle’ the ‘basis of’ the wage hikes, instead of just aiming for around 6%,” the UA Zensen official said.<\/p>\n

About 2,291 unions are grouped under the umbrella of UA Zensen, representing 1.8 million workers in the service, textiles, distribution and other sectors, making it Japan’s largest sector-to-sector union.<\/p>\n

UA Zensen will formally come up with its executive plan for wage hikes on Dec. 6 and decides on demands for the 2024 wage negotiations on Jan. 23, before spring negotiations with major companies to be concluded in mid-March. <\/p>\n

It would be the second straight year that UA Zensen’s pay demand would exceed that of Rengo, Japan’s largest trade union confederation, which last month called for pay hikes of 5% or more next year. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s largest industrial union UA Zensen will seek a 6% total wage increase, of which 4% will be base pay hikes, at next spring’s negotiations, a union official said on Monday. Annual wage negotiations effectively kicked off on Monday and will be concluded on Jan. 23, before Japanese blue-chip […]<\/p>\n","protected":false},"author":1,"featured_media":3758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-43381","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"\nJapan's union group to seek 6% wage rise at next spring's talks | Prosfunds<\/title>\n<meta name=\"description\" content=\"By Tetsushi Kajimoto TOKYO (Reuters) - Japan's largest industrial union UA Zensen will seek a 6% total wage increase, of which 4% will be base pay hikes,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=43381\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan's union group to seek 6% wage rise at next spring's talks | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"By Tetsushi Kajimoto TOKYO (Reuters) - 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