Toyota Aims to Boost Parts Prices in Japan to Support Supplier Wage Increases
2025-02-28 / Read about 0 minute
Author:小编   

Toyota Motor Corporation announced on Friday its intention to elevate the procurement prices for domestically produced parts in Japan. This strategic move aims to assist suppliers in raising wages, thereby fostering a stable supply chain. Recently, the Japanese government has urged small businesses to emulate larger corporations by proposing wage hikes during annual salary negotiations. With approximately 60,000 parts suppliers in Japan, Toyota's negotiation stance serves as a key indicator for other Japanese companies.

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