Negotiation Responses for the Annual Wage Talks in 2024
March 28, 2024
ShinMaywa Industries, Ltd. (Head Office: Takarazuka City, Hyogo Prefecture; President: Tatsuyuki Isogawa) has shared and discussed with the labor union during the current round of negotiations the importance of further improving corporate value through the new medium-term management plan [SG-2026], which will start in FY2024, as well as the business environment and performance conditions surrounding the company.
On top of that, we will further improve employee engagement through the implementation of "comprehensive investment in people" from a medium- to long-term perspective, creating a virtuous cycle of work and learning for each and every employee, which will lead to the creation of innovation, improved productivity, and further strengthening of our human resource capabilities, which is essential to the realization of our 2030-oriented Long-term vision The agreement was reached today in response to a request from the labor union, with the belief that this is essential to the realization of the 2030-oriented .
1. Basic approach
- 1 Monthly salar
In addition to the perspective of proactively investing in people and supporting the spirit of challenge, which will lead to the creation of new added value, we will also invest in our employees as a proof of our deep trust in them, and as we prepare for the challenges of the future. We have decided to respond with high hopes that everyone will work together to bring about change.
- 2 Bonuses
We have answered this question based on our business performance in fiscal 2023, with the hope of rewarding each and every employee who has continued to make a dedicated effort even in a situation where it is difficult to predict the future due to many external factors.
2. Main responses
- 1 Monthly salary
revision
Response Union demands After maintaining the wage system
Wage improvement of13,000 yen per union member on averageAfter maintaining the wage system
Wage improvement of13,000 yen per union member on average - 2 Bonuses
Response Union demands - 1 Average per union member
(annual) 4.60Months (1,405,052yen) - 2 10,000 yen per person as special cooperation fund
Average per union member
(annual) 5.0 Months (1,527,000 yen) - 1 Average per union member
3. Starting salary
- Starting salary for university graduates: 250,000 yen (13,000 yen increase)
- High school graduate starting salary: 187,000 yen (8,500 yen increase)
Contact Information Regarding this Matter
ShinMaywa Industries, Ltd. Public Relations Department Corporate Planning Headquarters
1-1 Shinmeiwa-cho, Takarazuka, Hyogo, 665-8550, Japan
The information published in this content is current as of the date of publication.
Please note that this information may differ from the latest information due to changes in our group's the business strategies and organization.