Stellantis workers in France are set to get bonuses connected to the rising impact of inflation.
The one-time payments, according to Reuters, are worth up to about $1,343 (1,400 euros) based on the exchange rate Tuesday afternoon.
The payments were confirmed by Stellantis spokeswoman Jodi Tinson.
French employees of the automaker, which owns the Jeep, Ram, Chrysler, Dodge and Fiat brands as well as Peugeot, Citroen and others around the world, would get assistance based on their salaries. About 60% would get the maximum, 20% would receive $1,055 (1,100 euros) based on the exchange rate and the top earning 20% would not be eligible for assistance, according to Reuters, noting that the aid would include the “possibility to convert three days off for overtime into cash.”
The automaker has not announced a similar cash bonus for workers in other countries, saying that it is set to undertake contract negotiations with unions in the U.S. and Canada.
When asked about the assistance and whether anything similar was possible for U.S. and Canadian union workers, Tinson referenced upcoming contract bargaining with the Detroit Three.
“Wages and benefits will be negotiated during 2023 bargaining with both the UAW and Unifor. The current agreements include built-in pay increases that were designed to contemplate changes in the economy,” Tinson said.
The current four-year contract, ratified in 2019 before the merger that created Stellantis, provided for, among other things, two 3% annual raises and two 4% lump sum payments for top rate production workers and skilled trades workers in addition to signing bonuses ($9,000 for traditional and $3,500 for temporary workers) and a 12.5% profit-sharing boost, which this year led to checks before taxes of potentially $14,670.
To read about Stellantis’s one-time cash bonus to French employees, click here.
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