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CARMAKERS AROUND THE GLOBE GOT A WAGE WAKEUP CALL
Less than a month after the United Auto Workers union reached tentative agreements with the legacy carmakers and called off massive strikes, Nissan announced last week that its 9,000 US factory workers, including production, maintenance, and tool-and-die technicians, will get a 10% raise as of next January.
Such hikes are becoming par for the course. Take a look at the brief timeline below:
Oct. 31: A Toyota spokesperson confirms the Japanese company has boosted wages for employees at all of its US plants.
Nov. 12: Honda, another Japanese carmaker, promises factory staff base wage increases of 11%, effective Jan. 8.
Nov. 13: South Korea’s Hyundai announces a 25% hike in hourly wages by 2028 for production workers in Alabama and Georgia.
Nov. 16: Yet another Japanese automaker, Subaru, is weighing wage increases at its only US manufacturing site in Indiana, CEO Atsushi Osaki said at the Los Angeles Auto Show.
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