Toyota agrees to boost pay on union's terms, in rare speed

'I want to reward the hard work,' CEO Toyoda says in first round of labor talks

20220223N Toyota assembly line

Toyota workers assemble a Mirai fuel cell vehicle at the Motomachi plant in Japan's Aichi Prefecture. © Reuters

YUKI FUKUMOTO, Nikkei staff writer

NAGOYA, Japan -- Toyota Motor will offer pay raises that match the amounts requested by the Japanese automaker's labor union, the company said Wednesday during the first meeting between the two sides.

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