TECH - Toyota Announces Wage Increase For US Factory Workers After UAW Secures Pay Hikes With Detroit Three | Benzinga
Toyota Motor Corp (NYSE:TM) has revealed plans to boost the wages of its nonunion U.S. factory workers. The decision comes on the heels of the United Auto Workers (UAW) union successfully securing pay and benefit increases from the ‘Detroit three’ automakers.
What Happened: Toyota has stated that from January 1, most hourly manufacturing workers will experience a wage increase of approximately 9%, Reuters reported. The time for U.S. production workers to reach top pay will come down from ...