Dow Jones Newswires: TotalEnergies proposes wage negotiations this month if fuel-depot blockages end

by | Oct 10, 2022 | Stock Market

TotalEnergies SE
TTE,
+2.59%
on Sunday said that it was willing to bring forward annual wage negotiations with some of its employees in France if strike action causing blockages at the oil company’s fuel storage depots ends. The company proposed beginning negotiations this month rather than in November. It would be the second time the company advances the date of the negotiations this year, after previously agreeing to conduct talks next month rather than in January.

“These negotiations will make it possible to define how employees will benefit, before the end of the year, from the exceptional results generated by TotalEnergies, while also taking into account inflation for the year 2022,” the company said in a statement. On Saturday, France’s CGT union, which represents workers at the company, said it was willing to return to the negotiating table Monday. Workers at the French company have been striking since late last month, calling for increases to wages to reflect inflation and the oil company’s results so far this year. Write to Pierre Bertrand at pierre.bertrand@wsj.com

Article Attribution | Read More at Article Source

Share This