Legal News

Toyota Continues to Worry That Higher Wages Would Increase Costs
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Masamoto Azuma, chairman of the Federation of All Toyota Workers’ Unions, comprised of 312 unions that represent about 329,000 members, reported that “The management’s thinking is very distant from our requests, the rift has remained,” and according to Bloomberg News, Azuma also said that, “This kind of management is just too selfish. They only speak from their own standpoint.”

Wage rises would help insulate households against cost-of-living increases, as well as encourage companies to keep boosting prices. A Tokyo-based auto analyst at Carnorama Japan, Takeshi Miyao, reported that “Toyota has concerns because the domestic market will probably slow down after the increase in the consumption tax, and uncertainties remain in a lot of overseas markets.”


Business has been tough in Japan. Economist Masaaki Kanno said, the nation is within a few years of an overheated job market that makes inflation, not deflation. Brian Lyons, a spokesman for Toyota did not respond to an e-mail request for comment. A spokeswoman for the Toyota City-based company that is the world’s largest automaker, Shino Yamada, said according to Bloomberg Business Week that “We are aware of the role Toyota and the manufacturing industry as a whole are expected to play in revitalizing the economy.”

It has been reported that Toyota’s annual global sales are expected to reach an unprecedented 10 million units this year. A big reason Toyota’s earnings have improved so dramatically is due to cost-cutting. For information about employment opportunities with Toyota please click here.

Image credit:

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


Interesting Legal Sites You May Like




Search Now

Mid-level Litigation Attorney with motions experience


Seattle office of our client seeks mid-level litigation attorney with 3-5 years of experience, inclu...

Apply Now

Environmental /Land Use Attorney with 2-3 years of experience

USA-CA-San Francisco

San Francisco office of our client seeks environmental /land use attorney with 2-3 years of experien...

Apply Now

Litigation Attorney with 2-5 years of insurance defense experience


Jacksonville office of our client seeks litigation attorney with 2-5 years of previous insurance def...

Apply Now

Land Use, Zoning Attorney with 2-6 years of real estate experience


Fishkill office of our client seeks land use, zoning and development attorney with 2-6 years of comm...

Apply Now


Experienced Insurance Defense Attorney Needed


Insurance Defense firm (with 15 attorneys in Suffolk and Mineola location), seeks attorneys with 5+ ...

Apply now

Corporate / Commercial Attorney | Lebanon, NH


Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT


Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington


Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Most Popular


To Top