Michelin rolls out global living wage after minimum wages left staff in 'survival mode'

Key Facts

• After realizing that the minimum wage in its home country left some workers at breaking point, French tire maker Michelin has taken matters into its own hands to give employees a hefty pay rise.
• Michelin is rolling out its own living wage to its 132,000 employees, the company said in a press release shared with Fortune and first reported by French publication Le Figaro.
• It follows a three-year battle by the tire maker’s boss to get buy-in and convince decision makers at the group that a pay rise was needed to help staff members he described as being left in “survival mode.”
• “The minimum wage in France is not sufficient in Michelin’s eyes to meet what we consider to be a decent wage,” Florent Ménégaux, the president of the Michelin group, told Le Figaro.

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