1 year ago
Nintendo promises 10% pay hike even as it trims profit outlook
Japanese video game maker Nintendo Co Ltd (7974.T) said on Tuesday it plans to lift workers' base pay by 10% even though a firmer yen forced it to trim its full-year profit forecast. The hefty pay hike comes amid calls by Prime Minister Fumio Kishida for Japanese companies to pay workers more as inflation takes hold in an economy used to years of deflation and stagnant wages, and as Japan prepares for its annual spring round of labour negotiations.
Continue Reading
https://www.reuters.com
Join the Discussion