During this year's spring labor union, automaker Suzuki responded that it would implement wage increases of more than 10% on average, exceeding the union's demands, in line with personnel system reforms.
Additionally, the company plans to increase the starting salary of university graduate employees who join the company next month by more than 14%.
In this year's spring labor union, Suzuki's labor union was demanding an average monthly wage increase of 21,000 yen per union member, including base increases and regular wage increases.
According to Suzuki, in the labor-management negotiations on the 8th, as part of personnel system reform, the company responded that it would implement wage increases of more than 10% on average, exceeding the union's demands.
In addition, we responded to the union's request for a lump-sum bonus, which is equivalent to 6.2 months of monthly salary, in full.
In addition, Suzuki announced on the 8th that it will raise the starting salary for new graduates joining the company next month, with graduate school graduates increasing by 12.8% to 273,000 yen, university graduates increasing by 14.1% to 251,000 yen, and high school graduates increasing by 12%. It is estimated that the price will be 201,000 yen.
Suzuki President Toshihiro Suzuki commented, ``We will increase the motivation of our employees, extend the group's earning power, and promote human capital investment so that the group as a whole can grow.''