Toyota Raise for Japan Workers Biggest in 21 Years

Newswire

TOYOTA CITY, Japan, March 12 (Reuters) - Toyota Motor Corp said it will give its Japan-based workers their biggest pay raise in 21 years in the year starting in April, heeding a government call to bolster the economy by sharing its surging profit with workers. Toyota will raise its monthly base pay for workers by 2,700 yen ($26.17) on average, or about 0.8 percent of total monthly pay, marking the first increase in base wages in six years but falling short of its union's demand for a ...

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