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Pay Round in France PSA Peugeot Citroën Enhances Employee Purchasing Power With a 3% Overall Pay Rise
At a time of improving margins in the Automotive Division, PSA Peugeot Citroën is proposing a 3% overall pay rise.
Following the second pay round meeting yesterday, management has proposed the following measures to the labour unions:
The budget also includes raises related to the implementation of the Gender Equality and Motivation of Seniors agreements.
The above measures will be applied subject to the signing of a majority agreement with the labour unions.
Delegations from the CFDT, CFE/CGC, CFTC, FO and GSEA labour unions acknowledged the progress made by management and said the next step would be to consult with their members. The CGT has already indicated that it will not sign the agreement.
In a business environment that is still difficult for the Group, management’s proposals offer the right balance between meeting employee expectations with regard to purchasing power and keeping labour costs in France competitive, which is a prerequisite for maintaining jobs.
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