TOKYO — Toyota Motor Corp. and its labor union agree to a monthly wage increase of ¥7,600 (US$65) on average in their annual spring wage negotiations representing 2.21% over the current average monthly salary (see WAI — March '99, p.16). The bad news is that the increase actually signifies a decrease of ¥1,300 (US$11) from ¥8,900 (US$76) the union negotiated in the previous year's wage talks. In fact, it is the smallest wage increase since Toyota, with the current corporate structure, was ...
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