By Giulia Petroni

TotalEnergies SE on Friday said that it has reached a deal to increase salaries for next year with labor unions CFE-CGC and CFDT, calling for an end to weeks-long strikes that have choked fuel supplies across France.

Under the agreement, the French energy major said it will grant a salary increase of 7%. The increases will be applied from December, retroactively to Nov. 1.

On Thursday, TotalEnergies said it would pay an extraordinary bonus of one month's salary to all its employees. Since the end of last month the company has been struggling with strikes and blockages at its fuel depots and refineries as workers demand higher wages amid surging inflation.

--Joshua Kirby contributed to this article.

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Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

October 14, 2022 07:40 ET (11:40 GMT)

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