ArcelorMittal ends 55-Day stoppage in Mexico
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Update time : 2024-07-23 15:06:28
Steelmaker ArcelorMittal announced that a 55-day stoppage at one of its sites in Mexico ended after workers approved a new settlement. The agreement includes an 8% pay hike for employees and a review of their collective bargaining agreement.
Workers affiliated with the mining union had been protesting since late May against the company's 2023 annual profit distribution to employees, halting all activities.
The settlement features a retroactive pay increase, a stimulus payment of 60,000 pesos per worker, food vouchers, back pay, and the engagement of a reputable tax firm to verify any unpaid profit-sharing differences. ArcelorMittal's statement highlighted these measures as a resolution to the workers' demands, bringing operations back to normal at the affected site.
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