Luxury fashion brand Hermès has announced that it will award all employees a €4,000 bonus in respect of its successful work in 2023.
The news was announced at a presentation of the French firm’s 2023 full-year results, where alongside the staff bonus, it announced an increase in profits of 28%.
All 22,040 employees will receive the bonus as part of its “commitment as a responsible employer, and its policy of sharing the fruits of growth with all those who contribute to it on a daily basis”.
It follows a bonus of similar value in 2023, and the announcement in July that its sixth free share plan will enable all employees to become shareholders.
Axel Dumas, executive chairman of Hermès, said: “In 2023, Hermès has once again cultivated its singularity and achieved an outstanding performance in all [businesses] and across all regions against a high base. These solid results reflect the strong desirability of our collections and the commitment and talent of the house’s women and men. I thank them all warmly.”