Thursday, July 22, 2010

Summer bonuses at large firms rise 1st time in 3 yrs

Major Japanese companies are paying an average 757,638 yen in summer bonuses, up 0.55 percent from a year ago and the first increase in three years, the Japan Business Federation said Tuesday.

The weighted average of amounts the firms struck with their labor unions rose 1.02 percent in the manufacturing sector to 741,395 yen but dipped 0.77 percent for nonmanufacturers to 804,706 yen, said Japan's most influential business lobby known as Nippon Keidanren.

The overall data, derived from a survey on 251 firms to which 163 disclosed their average for unionized workers, suggest that bonuses have bottomed out after registering a record 17.15 percent fall last summer amid the worldwide economic slump.

The survey covered companies in 21 industries that have a workforce of at least 500 and are traded on the First Section of the Tokyo Stock Exchange.

http://www.breitbart.com/article.php?id=D9H2MRK82&show_article=1

No comments:

Post a Comment