Michelin received the “Global Living Wage Employer” certification at the beginning of 2024 from the NGO Fair Wage Network, a globally recognized NGO, attesting that all of the Group’s employees receive remuneration at least equivalent to the “living wage”.
This “living wage” or decent salary is defined as the remuneration allowing each employee to provide for the essential needs of their family (food, housing, transport, education of children, health costs, etc.) but also to constitute precautionary savings and to acquire consumer goods. Fair Wage Network takes into account the fixed elements of remuneration enjoyed by an employee. In most cases, the “living wage” references provided by Fair Wage Network are above the legal minimum wage.
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