TOYOTA HIKES WAGE OF US FACTORY WORKERS AFTER UAW LABOR DEALS

Toyota Motor (7203.T) said on Wednesday it is raising the wages of nonunion U.S. factory workers just days after the United Auto Workers union won major pay and benefit hikes from the Detroit Three automakers. Hourly manufacturing workers at top pay will receive a wage hike of about 9% effective on Jan. 1, the company confirmed. Other nonunion logistics and service parts employees are getting wage hikes.

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