Labour strikes at China plants affiliated with Toyota Motor (TM.NYSE, 7203.TYO) and Honda Motor (HMC.NYSE, 7267.TYO) were resolved over the weekend, as the two Japanese car companies announced they would extend additional wage and benefits concessions to their Chinese workforces, Financial Times reported. Toyota expects its Tianjin car plant to return to normal production, following the end of a three-day strike at its local parts supplier run by Toyoda Gosei. The car company will reportedly increase workers’ allowances for summer heat and perfect attendance, in addition to a previously agreed upon 20% wage increase. The resolution was accelerated by the Tianjin government’s aggressive reaction, as high-ranking officials and police were sent to the plant to persuade strikers to return to work, the Wall Street Journal reported. Meanwhile, a Honda supplier in southern Guangdong province – Honda Lock in Zhongshan – also ended a week of industrial action after the company offered a RMB280 increase in monthly salary and benefits – though workers had asked for a RMB700 increase in base monthly pay to RMB1,600.
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