Record profit and payment of a bonus: in Sochaux, Stellantis employees react to Carlos Tavares’ announcements

While the automobile group announced a net profit 11% higher than last year, the payment of a bonus lower than the previous one annoys some employees at the Comtois sites.

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At Stellantis, the numbers are good. They are even very good. Good sales in Europe at increased prices, in particular, enabled it to achieve a net profit of 18.6 billion euros, up 11% year-on-year, for a turnover of 189.5 billion euros. euros, up 6% over one year.

The automobile group, resulting from the merger in 2021 of Peugeot-Citroën and Fiat-Chrysler, sold nearly 6.4 million vehicles worldwide, compared to 6.1 million in 2022, which was very disrupted by problems. logistics. Stellantis thus regains its place as fourth world manufacturer (by volume), tied with the Renault-Nissan-Mitsubishi Alliance, and behind Toyota, Volkswagen and Hyundai-Kia.

The timing was ideal to be the guest of the France Info radio morning show this morning. A live broadcast which allowed the group’s CEO, Carlos Tavares, to make an announcement.

“For this year, we will pay our employees no less than 1.9 billion euros worldwide in performance and incentive bonuses,” he explained. Over the last three years, “we have accumulated around 6 billion in rewards which are paid to our employees”, underlined the group’s general director. The opportunity for him to recall that “this represents a profit-sharing of 4,100 euros” per employee, “or approximately 2.5 times the minimum salary of our company”. “A return” made to employees “completely correct and completely well earned,” he said. Carlos Tavares explains these record profits above all by “the excellent work of the employees”. “They were remarkable and I would like to thank them and congratulate them warmly,” he said.

A bonus which does not seem to make employees want to honk their horns with joy in the streets of Montbéliard or Sochaux. This morning, they received an email from Stellantis management announcing this bonus of €4,100 minimum gross per employee (€4,470 on average paid, €5,918 for the maximum).

A table showed that this was the third year in a row where this bonus represented more than 2.5X the minimum wage.

Except that these figures collide with that of the 18.6 billion profits generated by the group. On social networks, some employees showed their discontent this Thursday morning: “the more they earn, the less we get”, “carrots and then the group fills their pockets”, “it’s a shame”.

Above all, employees noted that the minimum bonus of €4,100 was €200 less than that of last year, while profits increased by 11% this year.

(With AFP)

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