How Companies help workers fight inflation in Europe
2022.12.16 11:33
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How Companies help workers fight inflation in Europe
Budrigannews.com – As staff members’ winter food and energy costs rise due to rising inflation, European businesses are renegotiating wages and offering one-time bonuses.
Sector-specific examples include:
TRANSPORT, AIRLINES, AND AUTOS:
On December 16, the Rolls Royce (LON:) trade union Unite stated that thousands of Rolls Royce (LON:) The largest single pay deal in the history of the factory in southern England has been reached by Motor Cars, with a value of up to 17.6%.
Menzies made an improved pay offer to its ground handlers at Heathrow airport on December 15, but the specifics of the offer were withheld.
EASYJET EasyJet reached an agreement on December 6 to increase base pay by 7.5 percent in France, averting a strike by French cabin crew over the Christmas holidays, and providing staff members with an additional bonus of 3,000 euros ($3,152).
The five unions, which have largely demanded increases of between 7.3% and 8.5%, were unimpressed when automaker Stellantis offered its French employees a 5.3 percent pay increase on December 2.
The majority of the carmaker’s employees in France would receive support in the amount of up to 1,400 euros each, according to a statement made in September.
Volkswagen staff members (ETR:) Metalworking union IG Metall announced in late November that the factories in western Germany agreed to a two-step wage increase of 8.5% and a lump-sum payment of 3,000 euros after taxes.
SCANDINAVIAN AIRLINES SYSTEM (SAS)
On November 30, two labor unions representing SAS cabin crew in Norway announced that they had reached a two-year agreement, securing a wage increase of 3.7% in 2022 and an increase in 2023 that will be equal to the level agreed upon by a large group of workers across Norwegian industries.
The German airline Lufthansa announced on November 1 that it would raise the wages of 19,000 cabin crew members. Next year, the increase will occur in two stages: on January 1, basic pay will increase by 250 euros, and on July 1, basic pay will increase by 2.5%.
AMSTERDAM SCHIPHOL AIRPORT
According to a statement made on Oct. 6 by the labor union FNV, Amsterdam Schiphol airport is offering security workers an average pay increase of 20% in an effort to address the current staffing shortage.
Air France announced on September 14 that it would pay a 1,000 euro bonus and raise salaries for all employees by 5% in anticipation of wage negotiations next year.
Renault, a car manufacturer (EPA:) in September, provided staff with exceptional payments totaling over 1,000 euros.
Adventure
English occasion bunch Adventure in September said it was offering one-off advantages to bleeding edge staff which incorporate a 11% compensation rise and an oddball cost for most everyday items installment.
Two cash payments of 500 pounds each will be made to cover the cost of living.
British Airways accepted a new pay package on July 22 for Heathrow staff that included a consolidated pay increase of 8%, a one-time bonus, and the return of shift pay.
In May, brake manufacturer Brembo announced a one-time gross salary increase of 1,000 euros ($977) for its Italian employees.
General and food retailers:
On November 25, the Spanish retailer DIA agreed to provide special bonuses to some lower-paid workers and pay increases of up to 12 percent for supermarket and warehouse employees over the next two years.
Tesco, the largest retailer in Britain, (OTC:) on Nov. 18 offered its laborers the choice to get up to 25% of their legally binding compensation early. In October, Tesco announced a second pay increase for hourly workers, or nearly 8% more than last year.
CURRYS
English electricals retailer Currys said on Sept. 30 it had raised time-based compensation rates for a third time frame in 13 months, adding that from Oct. 30 hourly paid staff across the UK would get a base pace of 10.35 pounds ($11.66), up 3.5%.
CO-OPERATIVE GROUP
Britain’s Co-operative Group announced on September 29 that it was considering offering 41,000 of its frontline employees a pay increase of 5.3 percent.
LIDL GB, a discount supermarket owned by Germany, announced on Sept. 22 that it would begin paying workers outside of London at least 10.90 pounds per hour, up from 10.10 pounds, and workers in London at least 11.95 pounds, up from 11.30 pounds. According to this, the annual increase is between 10% and 14.5%.
MARKS and SPENCER
Retailer Imprints and Spencer (OTC:) said on Sept. 21 that starting Oct. 1, it would pay at least 10.20 pounds per hour, up from 10.00 pounds. It says the increase is 7.4% per year.
SAINSBURY’S On September 13, the supermarket chain Sainsbury’s announced that starting on October 16, employees would be paid at least 10.25 pounds per hour, up from 10.00 pounds, and 11.30 pounds per hour in London, up from 11.05 pounds.
That amounts to an increase in hourly wages of 7.9% this year.
CARREFOUR, the largest retailer in France, Carrefour (EPA:) on September 22, offered a pay increase of 2.5% beginning in November and an additional payment of 100 euros in October.
When compared to August 2021, the offer represents an overall wage increase of 8.3%.
In September, JOHN LEWIS, a British retailer, announced that it would provide full-time employees with a one-time support payment for the cost of living equal to 500 pounds.
ALDI UK, a discount supermarket chain owned by Germany, announced on July 25 that starting in September, it would pay a minimum of 10.50 pounds per hour in London and 11.95 pounds per hour, up 4% and 3.5%, respectively.
MORRISONS
Store chain Morrisons on June 10 said it would pay at least 10.20 pounds each hour from October, with London laborers paid at least 11.05 pounds.
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GOODS OF LUXURY:
French design monster LVMH declared a reward installment for 27,000 of its staff in France on Sept. 29 that would go from 1,000 euros to 1,500 euros.
Financials and banks:
According to a statement made on December 2 by the largest union in the sector, FABI, UniCredit will give its employees in Italy a bonus of 2,400 euros, primarily to offset the impact of rising inflation.
The company announced in an internal memo on November 18 that it would give its German employees a bonus of 2,500 euros.
NATWEST
NatWest has offered the main part of its 41,500 staff in England a base 2,000 pound compensation increment and an oddball installment of 1,000 pounds, it said on Dec. 1.
On Nov. 24, the Spanish insurer Mapfre announced that its approximately 10,000 employees in Spain would receive a one-time bonus of 400 euros at Christmas to assist them in coping with skyrocketing inflation.
Intesa Sanpaolo, the largest bank in Italy (OTC:), According to a statement made on Nov. 22 by the sector’s largest union, FABI, in November, the company agreed to make a one-time payment of 500 euros.
Lloyds, the largest domestic bank in Britain (LON:) offered employees a pay increase of either 2,000 pounds or 5%, whichever was greater, up to a maximum of 5,000 pounds, according to a notice that Union Unite sent to its members at the beginning of November.
Nationwide Building Society, a British lender, announced on August 15 that it would pay over 11,000 of its employees 1,200 pounds.
According to a memo obtained by Reuters on August 1, the British bank HSBC will provide a one-time payment of 1,500 pounds to some of its British employees.
OTHERS:
PRET A MANGER In October, the coffee and sandwich chain Pret A Manger announced that, beginning on December 1, all UK employees would receive a 5% pay increase, equating to a 13% increase within a year.
Regal MAIL
English post and package organization Regal Mail (LON:) offered employees who are members of the Communication Workers Union a pay increase of 9 percent over 18 months on Nov. 23, but the union turned it down and is planning several strikes.
Contract catering company Compass Group (LON:) It said on Nov. 21 that it had launched a salary advance program and a new grant for British workers that would allow monthly salaried workers to withdraw up to 50% of their earned pay before payday.
On November 17, the cleaning and property management company Mitie announced that it was providing lower-paid employees with a “winter support package.” This package includes one-time bonuses, discounts at retail stores, and the option to borrow against future pay.
A.G. BARR, a manufacturer of soft drinks, announced on September 27 that it had offered its employees who were paid less than 45,000 pounds a one-time cost-of-living special payment of 1,000 pounds.
SERCO
English reevaluating firm Serco said on Aug. 4 it would pass out an extra 9 million pounds in one-off installments to around 45,000 non-administration staff.
