PARIS (Reuters) - Air France-KLM (PA:AIRF) offered French unions a 4 percent raise, a union source said on Monday, in a bid to end a pay standoff that has resulted in damaging strikes and the departure earlier this year of the group's last chief executive.
During a meeting with unions on Saturday, new Chief Executive Ben Smith proposed a 2 percent raise retroactively applied from the start of the year, plus a further 2 percent next January, the union source said. A further pay review would follow in October 2019.
Air France declined to comment on the offer, first reported by French media. "These were discussions with (our) social partners and not negotiations," a company spokeswoman said.