Total Offers EUR1,500 Bonus to French Workers
December 12 2018 - 05:16AM
Dow Jones News
By Nathan Allen and Olivia Bugault
Total SA (FP.FR) will offer a 1,500 euro ($1,702.74) bonus to
its French employees following annual pay negotiations with unions,
Chief Executive Patrick Pouyanne said in a tweet late Tuesday.
The company will propose a pay rise of 3.1% to its unions. In
2017, employees' total compensation rose by 3.5% including
bonuses.
Mr. Pouyanne said the pay increase was linked to the company's
good results.
During a televised address on Monday, French President Emmanuel
Macron called for companies to offer end-of-year bonuses as part of
a national solidarity effort in response to the yellow-vest
protests.
Publicis SA (PUB.FR), Altice SA (ATC.AE), Iliad SA (ILD.FR) and
Jacquet Metal Service (JCQ.FR) have said they would offer bonus
payments of between EUR500 and EUR1,000.
Write to Nathan Allen at nathan.allen@dowjones.com and Olivia
Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
December 12, 2018 05:01 ET (10:01 GMT)
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