Nissan on Wednesday fully accepted the labor union’s pay increase demand during this year’s shuntō spring wage negotiations.
The struggling Japanese automaker agreed to raise monthly salaries by ¥10,000, including pay scale increases, and to provide bonuses equivalent to five months’ salary this year.
Many other companies will respond to union demands on March 18.
For this year’s shuntō, the Nissan union reduced its pay demand from last year’s ¥18,000 in light of the company’s severe management situation.
Last year, the company agreed to raise monthly salaries by ¥16,500, marking the first time in five years that its response fell below the union’s request.
For the fiscal year ending this month, Nissan has projected a second consecutive massive annual net loss, due to U.S. tariffs and sluggish domestic and overseas sales. The company is currently promoting restructuring efforts, including factory closures.
Elsewhere in the automotive industry, Mazda, Mitsubishi and Yamaha have already agreed to fully meet unions’ pay demands.
