Workers from Japan’s largest union have struck early agreements for hefty wage hikes with employers as cost of living pressures grow and businesses scramble to secure staff amid a labor crunch, unionists said. | Reuters
TOKYO – Workers from Japan’s largest union have struck early agreements for hefty wage hikes with employers as cost of living pressures grow and businesses scramble to secure staff amid a labour crunch, unionists said on Thursday.
In an unprecedented move, 18 unions under the umbrella of UA Zensen, which represents workers in the service, textiles and distribution sectors, announced early results of closely-watched annual wage talks known as “shunto”.The agreements come almost a week before the March 15 announcements of shunto results from Japan’s largest employers, which have historically set the precedent for wage growth for the coming fiscal year from April.
The 18 unions have agreed in full with their employers for average wage hikes of 5.28 percent, the unionists said at a news conference.
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