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

Attorney with 7-10 years of business litigation experience

USA-CA-Century City

Small to mid-size Century City law firm is seeking an attorney with 7 - 10 years of business litigat...

Apply Now

Project Finance and Energy Attorney with 6 years of experience


Chicago office of top firm seeks class 2012 associate with energy and project finance experience.

Apply Now

Real Estate Attorney with 2-4 years of experience


Respected mid-size Dallas firm is seeking a real estate attorney with 2-4 years of experience.

Apply Now

IP Patent Prosecution Agent with 2-4 years of physics experience


Milwaukee office of our client seeks IP patent prosecution agent with 2-4 years of experience. The c...

Apply Now


Legal Assistant / Paralegal


Our  law firm is currently seeking a qualified applicant to fill the position of a Legal Assist...

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