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Uniqlo parent company to boost Japan wages up to 40 percent

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Agence France-Presse

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Customers purchase AIRism masks at a Uniqlo store in Tokyo, Japan, 19 June 2020. Fast Retailing Co., the operator of Uniqlo, started the sale of washable and fast-drying AIRism masks at its Uniqlo stores across Japan. The clothing store chain plans to manufacture 500,000 packs weekly. EPA-EFE/FRANCK ROBICHON/FILE" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/news/01/11/8877473-uniqlo-epa.jpg"/><figcaption>Customers purchase AIRism masks at a Uniqlo store in Tokyo, Japan, 19 June 2020. Fast Retailing Co., the operator of Uniqlo, started the sale of washable and fast-drying AIRism masks at its Uniqlo stores across Japan. The clothing store chain plans to manufacture 500,000 packs weekly. <em>EPA-EFE/FRANCK ROBICHON/FILE</em></figcaption></figure></div><p>TOKYO - Uniqlo&#x27;s parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally.</p><p>The salary bump will apply to around 8,400 full-time employees out of the 56,000 working for parent company Fast Retailing in Japan.</p><p>The increases will vary across staff categories, with newly arrived employees likely to see a bump of less than 20 percent, while those in managerial roles or with more experience could earn up to 40 percent more a year.</p><p>In a statement, Fast Retailing said it hoped the increased pay packets would lead to the &quot;growth of individuals&quot; and, in turn, &quot;even greater global competitiveness&quot;.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/29/22/hm-posts-big-quarterly-drop-in-profit-after-russia-exit">H&amp;M posts big quarterly drop in profit after Russia exit</a></li>	<li><a href="https://news.abs-cbn.com/business/10/13/22/uniqlo-parent-company-posts-record-annual-net-profit">Uniqlo parent company posts record annual net profit</a></li></ul><p>The pay rises, along with other adjustments to the salaries of part-time workers announced last year, will see Fast Retailing&#x27;s personnel costs in Japan rise about 15 percent.</p><p>The move comes with Japanese inflation at 3.7 percent in November, the highest figure since 1981, and follows calls from Prime Minister Fumio Kishida for higher wages.</p><p>But Fast Retailing did not cite the Japanese economic situation in announcing the pay rises, saying instead that salaries would now be based on &quot;globally aligned&quot; criteria. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/23/22/japan-inflation-at-37-pct-in-november-highest-since-1981">Japan inflation at 3.7 percent in November, highest since 1981</a></li>	<li><a href="https://news.abs-cbn.com/business/10/21/22/japan-inflation-at-highest-level-since-2014">Japan inflation at highest level since 2014</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1387144" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally.