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Purchasing power: Stellantis will pay an additional 1,400 euros to its employees

2022-09-27T11:35:55.474Z

Walkouts had multiplied in French factories to demand measures to improve purchasing power. Stellantis will pay an average of 1,400 additional euros in October to a majority of its French employees to cope with inflation, but will not increase wages, the automotive group told AFP on Tuesday after a last meeting with the unions. The group, which records excellent financial results, will pay 1000 euros of “value sharing bonus” to its employees earning up to twice the Smic, or 60% of the wo



Stellantis will pay an average of 1,400 additional euros in October to a majority of its French employees to cope with inflation, but will not increase wages, the automotive group told AFP on Tuesday after a last meeting with the unions.

The group, which records excellent financial results, will pay 1000 euros of “value sharing bonus” to its employees earning up to twice the Smic, or 60% of the workforce, including temporary workers.

Those earning more than twice the Smic will receive 500 euros.

All employees will be able to monetize up to 3 days of RTT, or 400 euros on average for a worker and 600 euros for a manager.

Read alsoPurchasing power: walkouts are increasing at Stellantis

Walkouts had multiplied in the French factories of Stellantis in recent days, in Hordain, Douvrin or Valenciennes, to demand measures to improve purchasing power.

The CGT notably requested a general increase for all of 400 euros per month as well as a purchasing power bonus of 6,000 euros.

Beyond wage issues, the subject of working conditions also fueled the anger of employees, with non-working days decided at the last minute due to supply problems.

Other management suggestions

The management of Stellantis also proposed on Tuesday to the trade unions an agreement on the early release of profit-sharing and participation, and mandatory annual negotiations (NAO) which would begin in December 2022 for the following year.

In February, the NAO 2022 had resulted in an overall wage increase package of 3.2%.

The unions had all refused to sign this agreement, deeming the gesture insufficient in view of the company's record results, and despite the granting of a profit-sharing bonus of 4,300 euros on average.

The total sums paid in 2022 for purchasing power support represent up to 1,965 euros, Stellantis pointed out.

Renault offered a 500 euro bonus, as well as the possibility of monetizing three days of RTT with a 25% increase.

Source: lefigaro

All life articles on 2022-09-27

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