Finance
LVMH champagne arm settles dispute with workers over bonuses, union says
Published by Global Banking & Finance Review®
Posted on February 2, 2026
1 min readLast updated: February 2, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 2, 2026
1 min readLast updated: February 2, 2026
LVMH's champagne division has settled a bonus dispute with workers, avoiding a planned strike. The agreement includes payments of at least 3,300 euros.
PARIS, Feb 2 (Reuters) - LVMH's champagne arm, behind brands like Moet & Chandon and Veuve Clicquot, has reached a deal with labour representatives to compensate workers for lost bonuses, the CGT union said in a statement sent to staffers.
The agreement, according to which staffers will receive one-off payments of at least 3,300 euros ($3 894,99) follows a similar deal reached at LVMH's cognac brand Hennessy last week.
Strike action planned for Tuesday has been called off, the CGT said.
($1 = 0.8472 euros)
(Reporting by Tassilo Hummel; Editing by Benoit Van Overstraeten)
A bonus is a financial reward given to employees in addition to their regular salary, often based on performance or company profits.
A union is an organized group of workers that come together to make decisions about the terms of their work, including wages and working conditions.
Compensation refers to the total monetary and non-monetary benefits provided to employees in exchange for their work, including salary, bonuses, and benefits.
A strike is a work stoppage initiated by employees to protest against their employer, often regarding issues like pay, working conditions, or other employment terms.
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