PEMEX workers seek raise
July 28 (Bloomberg) — Mexico’s Oil Workers Union will seek a 10 percent increase in salaries and 5 percent increase in benefits from state-owned Petroleos Mexicanos, Reforma newspaper reported.
The union will hold a convention next week in Mexico City and will ask that the new terms go into effect by Aug. 1, the Mexico City-based daily newspaper reported.
The workers are currently under a two-year contract signed in July 2007, whose rules dictate that there can be no modifications except for wages and benefits, the newspaper reported.
Brendan Walsh
No surprises here, although this may be the start of a trend towards higher salaries. Inflation has especially hit food prices and economists fear more a slowdown in consumer spending than inflation. That the union request is such minor news is also another sign that PEMEX isn’t really in the dire condition the “privatizers” would have us believe. Already implemented tax reforms, and a few possible changes in other areas, should leave PEMEX the operating capital it needs.
mexfiles.net 