Michelin Rolls Out Its Own Global Living Wage

Michelin Rolls Out Its Own Global Living Wage

File photo dated June 17, 2009 shows a worker outside the Michelin plant in Noyelles-les-Seclin near Lille, north of France. 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 raise. 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. The 134-year-old group, which makes heavy-duty tires for construction and freight-handling companies, has set living wages for employees based on their location to correlate with living costs. The calculation for the living wage was also made based on what employees needed to provide for their family’s “essential needs.” Photo by Mikael Libert/ABACAPRESS.COM

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