France: Stellantis offers up to €1,400 in purchasing power aid


(Updated with context, reactions, Italy)

by Gilles Guillaume

PARIS, Sept 27 (Reuters) – Stellantis announced on Tuesday its intention to pay the majority of its employees in France up to 1,400 euros in aid in October to support their purchasing power in an inflationary context.

This exceptional aid includes a bonus and the possibility of “monetizing” three days of reduced working time (RTT), a spokesman for the automaker told Reuters.

About 60% of employees could thus receive next month up to an additional 1,400 euros, and 20% of the workforce up to 1,100 euros. The top 20% of salaries are not affected by these measures.

Stellantis added that the total sums paid in 2022 for purchasing power can thus reach 1,967 euros in France for an employee, if we add the additional profit-sharing already announced in the wake of the group’s solid financial results.

“The proposals made by the management and shared with the social partners make it possible to increase the purchasing power of our employees beyond the level of inflation”, declared Bruno Bertin, Director of human resources France of Stellantis, in a statement provided to Reuters.

A spokeswoman for the group born from the merger between PSA and FCA added that Stellantis would also discuss in the coming weeks an anti-inflation bonus for its Italian employees.

Renault also proposed last week a set of exceptional measures to help its employees in France in the face of accelerating inflation, representing more than 1,000 euros net by the end of the year for the majority of them. .

The Carrefour distributor offered a 2.5% salary increase accompanied by an exceptional bonus of 100 euros in October and discounts on in-store purchases, according to unions.

Stellantis and Renault have also acceded to the unions’ demand to see the 2023 wage negotiations, usually initiated at the start of the year, brought forward to December 2022. The unions have also asked that the discussions on wages not take into account the measures exceptional announcements.

“We will not solve the problem of purchasing power with bonuses”, reacted the CFDT in a leaflet.

“It is not the sharing of profits which must ensure the maintenance of purchasing power, it is the revaluation of wages (which remain) the reference for calculation”, added the union, which is asking that wage negotiations begin. even earlier, starting next month. (Gilles Guillaume report, written by Laetitia Volga, with Giulio Piovaccari in Milan, edited by Kate Entringer and Sophie Louet)




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