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Carrefour management increases offer in wage talks with unions
Global Banking & Finance Review®
Company
By Richa Naidu
PARIS (Reuters) -France’s biggest retailer Carrefour has increased its offer in the third round of wage talks with unions, suggesting a 2.5% pay hike from November this year, a company spokesperson said on Thursday.
The offer would mean an overall 8.3% wage increase when compared to August 2021.
Some unions had threatened to call a strike late this week, saying the supermarket chain’s previous offer of 2% was insufficient as workers struggle with soaring inflation.
The CFDT union said on Twitter it would now discuss the offer with workers.
The offer also includes a 100 euro ($98.49) extra payment in October and a 12% discount on purchases at Carrefour made by workers, the union added.
French companies have come under pressure to do their part in helping staff maintain their purchasing power.
Large companies including Air France and Renault recently announced they would in an exceptional move raise wages or pay extra bonuses this year.
French consumer price inflation stood at 6.6% last month in EU-harmonised terms.
($1 = 1.0153 euros)
(Reporting by Richa Naidu, writing by GV De Clercq, editing by Tassilo Hummel and Susan Fenton)
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured by the Consumer Price Index (CPI).
A pay hike refers to an increase in an employee's salary or wages, often intended to keep pace with inflation or reward performance.
Unions are organized groups of workers that come together to make decisions about the workplace, including wages, working conditions, and benefits.
A strike is a work stoppage initiated by employees to express grievances or demand changes in working conditions, often related to pay or labor practices.
A discount is a reduction in the usual price of a product or service, often used to encourage purchases or reward specific groups, such as employees.
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