The car manufacturer Stellantis, a merger of PSA and Fiat-Chrysler, will pay up to 1,400 additional euros in October to a majority of its French employees to cope with inflation, but will not increase wages, a-t- he said on Tuesday, following a final meeting with the unions.

The group, which has recorded 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.

"Increase the purchasing power of our employees"

All employees will also have the opportunity to monetize up to 3 days of RTT, or 400 euros on average for a worker and 600 euros for a manager.

"The proposals made by the management and shared with the social partners make it possible to increase the purchasing power of our employees above inflation", underlined Bruno Bertin, director of human resources for Stellantis in France.

Walkouts had multiplied in recent days in the group's (ex-PSA) factories in Hordain, Douvrin, Trémery or Valenciennes, to demand measures to improve purchasing power, while the salary of the group's general manager, Carlos Tavares, had “shocked” even Emmanuel Macron.

Working conditions considered problematic

FO demanded "a substantial exceptional bonus", while the CGT demanded a general increase of 400 euros per month as well as a purchasing power bonus of 6,000 euros.

Beyond wage issues, the subject of working conditions has 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, as well as mandatory annual negotiations (NAO) which would begin in December 2022 for the following year.

Up to 1,965 euros per employee

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 per employee in France, said Stellantis.

Renault, for its part, offered a 500 euro bonus, as well as the possibility of monetizing three days of RTT with a 25% increase and other measures which make it possible to raise all the measures to more than 1,000 euros for a majority of employees.


Inflation: Renault offers bonuses of more than 1,000 euros to a majority of employees


Inflation: Air France announces a 5% salary increase for all its employees

  • Economy

  • purchasing power

  • Prime

  • Inflation