Toyota did not immediately agree to union pay increase demands during the first round of wage talks on February 21.

Toyota, the world's largest automaker, did not immediately agree to union demands for significant pay increases during the first round of wage talks on February 21. However, talks will continue in the coming days, raising some uncertainty about expectations for wage negotiations. Toyota's acceptance of union demands in full on the first day of annual wage negotiations in the past two years has made it the pace-setter for Japan's annual spring labor-management wage offensive. If Toyota agrees to the union's demands this year, it would mark the fourth consecutive year of full acceptance.

February 21, 2024
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