Stellantis will pay 430 million euros to its employees

The CEO of Stellantis announced on Wednesday March 3, 2021, that the company would pay a gross profit-sharing bonus of 3,000 euros to its employees.

A bonus of 3,000 euros as a token of recognition

The Stellantis group, born from the merger of PSA with Fiat Chrysler, will pay its employees a profit-sharing bonus of 3,000 euros gross, to show them ” his recognition “. The announcement was made on Wednesday March 3, 2021 by the group’s CEO, Carlos Tavares.

He thus declared to FranceInfo : ” We will distribute to our employees, for the 2020 financial year, 430 million euros which represents for the employees of PSA automobiles France a minimum of 3000 euros gross “. A bonus which should be paid to around 50,000 people. Carlos Tavares adds that this bonus is a materialization of the group’s recognition: “ I want to tell them all my gratitude, all my admiration, I want to tell them that they behaved admirably “.

An amount greater than the dividends paid to shareholders

In 2019, after an increase in its net profits of 13.2%, PSA had already paid a generous profit-sharing bonus to its employees. At the time, an employee receiving less than twice the minimum wage per month could receive a profit-sharing bonus of 4,100 euros gross.

Carlos Tavares points out that “ over the past seven years, we reached around 2.7 billion euros in profit-sharing and bonus incentive paid to our employees “. An amount greater than the dividends paid to shareholders over the same period.

If Stellantis pays this generous bonus, its sales have not yet recovered from the health crisis, since the group’s new car registrations fell by 25.64% in January 2021.