Feb. 18, 2015—All 11 unions representing workers in Japan’s auto companies will demand a raise of the equivalent to $50 a month beginning in April, the start of Japan’s fiscal year, according to a report from Bloomberg News.
The Japanese auto industry is projected to generate more than $33.6 billion in revenue over the course of 2015, and with 766,000 individuals represented by the Japanese unions, the total for the demands laid out will equal $600 more person, totaling just under $500 million spread out in increased wages.
Japanese Prime Minister Shinzo Abe has asked that Japanese corporations boost the pay of its laborers to help the country out of its fourth recession since 2008.
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