Union representatives and Stellantis management are meeting this Thursday, February 20 in Paris to open annual negotiations on employee salaries and bonuses. Faced with persistent inflation and still solid financial results, although less impressive than in previous years, the demands are expected to be tough.
The CGT is demanding a 400 euro increase for all and a minimum starting wage of 2 euros net, while the CFE-CGC and the CFTC are demanding a 000% increase, including individual increases. These demands are based on the group's consistently high profits, although it anticipates a drop in its Free Cash Flow of 3,3 to 5 billion euros.
The negotiations will take place in two phases: first on salaries, then on profit-sharing and participation bonuses, the amount of which could be zero this year according to management. A position deemed unacceptable by the unions, who point out that even in the event of a 50% loss in profits, Stellantis would still rake in 9 billion euros, which, according to them, would justify maintaining a bonus of around 4 euros, as in 000.
The standoff is therefore likely to be long and tense, especially since the decisions taken will have a direct impact on the employees of the Sochaux plant, where concern is growing over the results of the discussions.
