Mexico union strikes at ArcelorMittal plant over profit-sharing
MEXICO CITY (Reuters) – Mexico’s nationwide union of mining and metallurgical staff launched a strike on Wednesday at an ArcelorMittal plant after labor representatives failed to succeed in settlement with the steelmaker over profit-sharing, the 2 sides stated.
The union stated the Luxembourg-based agency was refusing to share 10% of earnings from the 2021 fiscal yr amongst over 3,500 direct workers of the plant within the western state of Michoacan.
The metal firm stated funds had been made on time and that the sums demanded by the employees are “greater than the authorized most.”
The corporate made a suggestion to pay a one-off bonus price six months’ wage, however staff rejected it.
“ArcelorMittal Mexico regrets this resolution as a result of, along with escalating the battle, it can have an effect and severe penalties … on the nationwide manufacturing chain and the nation’s financial system given the significance of metal,” the corporate stated in a press release.
ArcelorMittal makes wire rod and rods for development, elements for the auto business, and merchandise for the vitality sector.
(Reporting by Diego Ore; Writing by Valentine Hilaire; Modifying by Leslie Adler)
