{"id":289852,"date":"2023-02-22T16:59:00","date_gmt":"2023-02-22T16:59:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/02\/22\/french-brand-hermes-grants-over-rs-350000-bonus-to-all-employees\/"},"modified":"2023-02-22T16:59:00","modified_gmt":"2023-02-22T16:59:00","slug":"french-brand-hermes-grants-over-rs-350000-bonus-to-all-employees","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/02\/22\/french-brand-hermes-grants-over-rs-350000-bonus-to-all-employees\/","title":{"rendered":"French Brand Hermes Grants Over Rs 3,50,000 Bonus To All Employees"},"content":{"rendered":"

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The good bonus is a result of 2022’s high profits.<\/p>\n<\/div>\n

Hermes, a French luxury design company, has announced that at the end of the month, everyone on its staff will get an exceptional bonus of 4,000 euros (Rs 3,52,024). The Paris-based design firm specialises in leather goods, fashion accessories, home decor, jewellery, timepieces, ready-to-wear, and lifestyle products.<\/p>\n

According to Le Monde<\/em><\/a>, the bonus follows the 6% increase in salaries of employees based in France in 2022 and the 100-euro (approximately Rs 9,000) increase granted in January 2022 and renewed the following July.<\/p>\n

Hermes CEO Axel Dumas stated during the presentation of the group’s annual results that the 12,400 Hermes employees in France receive the equivalent of 17 months’ salary annually, including profit-sharing and incentive bonuses.<\/p>\n

The CEO added that this bonus payment is a component of the “value sharing” policy and that it coincides with a rise in the dividend paid to shareholders.<\/p>\n

The news report further stated that the generosity stems from exceptional profits in 2022. Last year, the brand known for its hand-sewn handbags generated 11.6 billion euros in sales, or 23% more than in 2021.<\/p>\n

The company Hermes was in the news a few weeks ago when the fugitive Hong Kong tycoon Joseph Lau sold dozens of mostly Hermes bags for HK$25.2 million ($3.2 million) in an auction by Sotheby’s.<\/p>\n

The sale included 76 Hermes bags and one from Chanel. Among the items sold were six diamond Birkins and an extremely rare bronze metallic Kelly.<\/p>\n

Lau has bought more than 1,500 Hermes bags as gifts, and his family still owns more than 1,000, a representative for the tycoon said in a statement via WhatsApp, citing people close to the family.<\/p>\n

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