By Pierre Bertrand

 

TotalEnergies SE said Thursday that it will give an exceptional bonus equivalent to one month's salary in December to all of its employees worldwide.

The move comes as the French oil-and-gas company struggles with strikes affecting the country's fuel depots, causing shortages at French gas stations.

TotalEnergies said the exceptional bonus will be capped for high salaries and will be paid to employees at the companies that TotalEnergies fully owns. The bonus would also be paid to employees of companies more than 50%-owned by TotalEnergies if approved by their respective governance bodies, the company said.

The company said in a meeting with union representatives on Wednesday that it was willing to consider a budget for 2023 wage increases based on 2022 inflation, but that because the General Confederation of Labor union, or CGT, had decided to keep striking, conditions were not right to engage in negotiations.

The strikes, which began late last month, also affect French facilities owned by Exxon Mobil Corp. subsidiary Esso. The deadlock prompted the French government to intervene Wednesday, ordering fuel depot workers back to work at the Esso-ExxonMobil Port-Jerome-Gravenchon facility in Normandy.

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

October 13, 2022 04:32 ET (08:32 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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