Nov. 10, 2023 10:21 am ET
Honda Motor is giving many U.S. factory workers a 11% pay bump and making other improvements for these employees, a move that follows major gains secured by the United Auto Workers union in Detroit last month.
The base wage increase is effective in January, according to a memo reviewed by The Wall Street Journal. The Japanese automaker is also cutting the time it takes to reach the top wage in half from six to three years, a change that is similar to one won by the UAW in its negotiations with General Motors, Ford Motor and Chrysler-parent Stellantis.
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