Toyota Motor Corp is set to agree a monthly base wage increase of 1,500 yen ($13.22), or half of the 3,000 yen amount that labour unions had demanded, Jiji News reported on Tuesday. It is also planning to meet in full unions' demand for a one-off bonus worth 7.1 months of wages, Jiji said.
The Nikkei reported last week that Toyota was hoping to agree on a deal centred on a 2,000-yen hike in base wages.
The world's largest automaker is due to announce its agreement with unions on Wednesday. Toyota is seen as a bellwether for wage talks that take place across the country's companies in spring. A Toyota spokesman said the company could not comment on the report.
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