Inflation, purchasing power: Stellantis will pay an additional 1,400 euros in October to its employees, but does not increase wages

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

The group, which records excellent financial results, will pay 1,000 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.

Walkouts had multiplied in the French factories of Stellantis in recent days, in Hordain, Douvrin or Valenciennes, or Sochaux 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.

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 CFDT demanded a general increase for all. Management offers, as always, bonuses but advances the date of salary negotiations for the month of December 2022. The CFDT considers that this is a first step, but is not enough for employees. “The salary increase is a necessity, we will not solve the problem of purchasing power and inflation with bonuses. It is not the sharing of profits that must ensure the maintenance of purchasing power, it is the revaluation of wages ” reacts in a press release the union. The salary remains according to him the reference of calculation for unemployment, illness, retirement.

With AFP

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