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Summer Bonuses at Major Japan Firms Log 1st Drop in 2 Yrs

Summer Bonuses at Major Japan Firms Log 1st Drop in 2 Yrs

   Tokyo, June 11 (Jiji Press)--The average summer bonus at major Japanese companies this year declined 2.52 pct from a year before to 971,777 yen, down for the first time in two years, an initial tally by the Japanese Business Federation showed Tuesday.
   Labor unions' requests to raise pay scales, rather than bonuses and other lump-sum payments, and sluggish growth in corporate earnings are thought to be factors behind the decrease, according to the tally by the federation, known as Keidanren.

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AFP-JIJI PRESS NEWS JOURNAL


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