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PSA will pay a bonus of 4,100 euros to employees with the lowest wages

2020-02-27T00:12:49.270Z

According to a statement released Wednesday, PSA posted record net profit in 2019 of 3.2 billion euros, up 13.2%.



According to a statement released Wednesday, PSA posted record net profit in 2019 of 3.2 billion euros, up 13.2%.

The automaker PSA, which published a "record" net profit for 2019 on Wednesday, will pay its lowest-paid employees a profit-sharing bonus of 4,100 euros, announced its chairman of the board of directors Carlos Tavares. "We have broken a new accounting record, and we are going to pay our French employees a performance and profit-sharing bonus of 4,100 euros," he confirmed to the microphone of Europe 1.

"This represents two and a half months of salary for those who have a salary less than or equal to twice the minimum wage," said Carlos Tavares. "We share this wealth with our employees since over the past six years, we have multiplied by a factor of 5 the amount of performance and incentive bonuses that have been paid to our employees".

Record net profit in 2019 for PSA

PSA posted a record net profit in 2019 of 3.2 billion euros, up 13.2%, the "sixth consecutive year of improved business performance," according to a statement earlier Wednesday. despite the decline in the global automotive market.

Source: europe1

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