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SBD Global/April 24, 2013/Finance
Uniqlo Clothing Chain Operator Fast Retailing To Unify Wages Worldwide
Published April 24, 2013
As part of its efforts to recruit skilled workers and expand its global business by offering higher wages, the operator of the Uniqlo clothing chain "will unify its payment system for its employees and executives worldwide," according to KYODO. Employees of Fast Retailing Co. around the world in the same grade "will receive equivalent pay, reflective of price levels in each country, to allow them to maintain a comparatively equal standard of living." The Uniqlo operator "has around 4,900 full-time employees and executives in 13 countries and regions such as in Britain and China, and they are divided into 19 grades based on their job duties" (KYODO, 4/23).