Renault offers workers 7.5% salary budget raise in 2023 -sources

PARIS (Reuters) – French carmaker Renault is offering workers to increase its 2023 budget for salaries by 7.5% in 2023 to help cope with the rising cost of living, three sources familiar with the company’s proposal said on Thursday.

The budget increase would equate to a net salary increase of 110 euros per month for about two thirds of the workforce, the sources said. It would represent the biggest increase since 1992, the sources added.

(Reporting by Gilles Guillaume; Editing by Richard Lough and Leslie Adler)