Financial

Shunto

Shunto

In Japan, annual negotiations between trade unions and corporations on wage increases. Traditionally, shunto began in March each year. Over time, wage increases during shunto became almost automatic. Shunto has become less common since the 1990s with the weakening of unions in the wake of the Asian financial crisis.
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References in periodicals archive
Results of the "shunto" talks between management and unions -- announced by blue chips in industries like cars and electronics -- set the tone for wage hikes across the nation, which will affect strength of consumer spending and inflation.
"There are lingering worries over consumption but we can expect the economy to pick up further if 'shunto' wage hikes are better than the previous years,'' said Minami, referring to collective wage negotiations between labor and management held every spring.
The Japan Trade Union Confederation reports that the results from the 'Shunto' spring wage negotiations indicate increases of around 2.0 and 1.9 per cent, for large and small firms respectively.
You cannot increase wages without taking into account the situation of the companies, and in this regard I think that shunto (spring labor offensive) in the 1970s was a very useful tool.
Labor unions would agree to accept an annual Shunto, or Spring Offensive, to set wages for all.
Aiming to recover the 1997 level of gross pay, which reached a peak for regular workers, the nation's largest umbrella labor body known as Rengo is poised to seek a 1 percent hike in overall pay in this year's month-long ''shunto'' labor-management negotiations.
One is to gather the cleared plant material in piles, called shuntos, mentioned by Hiraoka (1986), who points out that the shunto accomplishes at least three objectives: soil erosion control, cropping area expansion and nutrient concentration.
In Japan, the Shunto (spring wage offensive) has traditionally played an important role in this regard.
agreed Tuesday to pay an average of 1.8 million yen in biannual bonuses in 2010, equivalent to five months' wages plus 60,000 yen, as the automaker wrapped up its annual spring ''shunto'' labor-management wage negotiations, sources familiar with the matter said.
In 1955 they began shunto, the annual spring wage struggle, in which all unions and all workers joined together to demonstrate and to demand wage increases.
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