OREANDA-NEWS. Nissan Motor Co. said it will meet its labor union's bonus demands, joining fellow domestic auto makers in agreeing to pay out higher compensation this year.

Nissan's union of 21,311 members requested the same bonus amount as last year, but emerged from this year's annual spring wage negotiations with greater success. Japan's second-largest auto maker by volume said it will pay a seasonal bonus worth about 5.5 months of wages, amounting to an average JPY 2.041 million (USD 21,260), a 2.3% increase from the previous fiscal year when Nissan agreed only to pay a bonus equivalent to 5.3 months of wages.

Nissan said its decision was based on its hope to maintain and improve motivation among its workers as it seeks to continue growth in the upcoming fiscal year starting April 1.