Stellantis: Carlos Tavares’ compensation sparks outrage



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Carlos Tavares, at the head of the car manufacturer Stellantis, should receive a remuneration of 19.1 million euros. A sum that outrages the union representatives of the company.

This is the highest remuneration of large companies in France. Today at the head of Stellantis, the world’s fourth largest car manufacturer, Carlos Tavares will receive compensation of 19.1 million euros for 2021, two million euros in fixed salary and the rest in variable parts. This is two and a half times more than in 2019, at the time he led PSA. This compensation arouses indignation while increases are blocked for employees. CGT delegate at Stellantis, Jean-Pierre Mercier judges that it is “incredible. And behind the shareholders, they reap dividend after dividend and it’s billions and billions that they reap. So at some point, yes, the employees will have to revolt”he says.

A case that invites itself into the presidential campaign

Marine Le Pen found it shocking but less shocking than for others, recalling that for once there are good results. On the side of Emmanuel Macron, the government spokesman, Gabriel Attal, underlines that it is a private company and that in the end, it is the shareholders who decide. He still believes that these are not normal figures. In 2021, Stellantis recorded record profits, 13.4 billion euros. Results shared with all employees, says the manufacturer, which explains that it redistributed 1.9 billion euros in February.

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