According to Bloomberg, labor
unions for Honda and Nissan, Japan’s third and second largest automakers respectively (Toyota is the
country’s largest automaker) have asked management for increases in their pay, both base salary and bonuses.
Though management has expressed concern in staying financially competitive with automakers from South Korea and China,
Honda met the union’s request last year (a first since 1991) while Nissan has complied for the past five years.
It is expected both companies will capitulate to these new requests due to the companies’ increasing market share
in the U.S., the world’s largest market.
Workers at Mazda Motor Corp. are also requesting an increase
in base pay, a first in four years. See here for news on the Asian automakers’
bonuses at the North American facilities.
Honda, Nissan, Mazda want a piece of the pie
According to Bloomberg, labor unions for Honda and Nissan, Japan’s third and second largest automakers respectively (Toyota is the country’s largest automaker) have asked management for increases in their pay, both base salary and bonuses. Though management has expressed concern in staying financially competitive with automakers from South Korea and China, Honda met the union’s request last year (a first since 1991) while Nissan has complied for the past five years. It is expected both companies will capitulate to these new requests due to the companies’ increasing market share in the U.S., the world’s largest market.
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