TOYOTA TO GIVE ANNUAL PAY RISE ON THE BASIS OF EMPLOYEE PERFORMANCE EVALUATIONS

Highlights –

• Toyota to give annual pay rise on the basis of employee performance evaluations.
• The new system will start in spring of 2021.
• Around 65,000 employees will be subject to the new system.
• Workers will be graded on a 4-6 point scale, depending on job type.

After several meetings by Toyota’s management and its labour union department with....