Mexico’s Penoles Workers Postpone Strike Date to Vote Offer
Miners at Industrias Penoles SA, Mexico’s largest silver miner, deferred a strike date scheduled for yesterday at a silver-and-lead mine to vote on a salary offer, the union said in a statement.
The strike at the mine in Naica, Chihuahua, was delayed until Jan. 27 at 2 p.m. New York time while the vote is organized, local union leader Sergio Chavira said in the statement. The terms of the Penoles offered weren’t disclosed.
More than 350 union miners work at Naica, the largest lead mine in Mexico. The mine in 2005 produced 33,700 metric tons of lead and 33,200 tons of zinc.
More: bloomberg.com
Hurricane Wilma Scrubs Mexico's MTV Awards
Hurricane Wilma Forces MTV to Postpone Latin American Music Awards; New Date Not Set
The approach of Hurricane Wilma has forced MTV to postpone its Latin American music video awards ceremony, which had been scheduled for Mexico's Playa del Carmen resort.
Dulce Gordillo, MTV's Mexico spokeswoman, confirmed the postponement and said a new date for the show hadn't been set.
The cable network had shifted the program from Thursday to Wednesday to avoid the hurricane, which was forecast to pass close by Mexico's Caribbean coast Friday.
More: abcnews.go.com
VW Mexico workers may strike Thursday for 12.5 pct pay hike
Volkswagen AG workers at its Puebla plant in Mexico may go on strike on Thursday to support demands for a 12.5 pct pay hike, Financial Times Deutschland reported, citing a trade union spokesman.
The spokesman said while VW has not made an offer yet it has rejected a 'spectacular salary adjustment'.
Workers at the plant last staged a three-day strike one year ago and pushed through a 4.5 pct wake increase.
The Puebla plant makes the New Beetle and Jetta and employs 12,000 workers.
More: forbes.com
Mexico's Penoles 4th-qtr net profit jumps 37 pct
Mexico's Penoles, the world's top silver producer, said on Friday its fourth-quarter net profit rose 37 percent, helped by high world silver prices.
Penoles (PENOLES.MX: Quote, Profile, Research) said its profit in the October through December period hit 555 million pesos ($52 million), and revenue rose 38 percent to 6.121 billion pesos.
Despite pricing volatility in recent weeks, silver has largely held above $9.00 an ounce, and early this month hit a 22-year high close to $10 per ounce.
Penoles has shown strong earnings performance over recent quarters, also benefiting from a surge in the prices
Volkswagen Mexico strike deadline nears
Unionized workers at Volkswagen's Mexico plant restarted salary talks with management on Monday but were still waiting for an offer from the German auto maker three days before a strike deadline.
Union spokesman Miguel Angel Galan told Reuters the workers had lowered their salary demands to a 10 percent increase from 12.5 percent previously.More:
"We are still waiting for an offer from the company which could happen later today (Monday)," Galan said.
The salary talks are taking place in the labor ministry, which is a common conciliation point for labor disputes.
Volkswagen's plant in the city of Puebla, two
MEXICO CITY (Reuters) - Volkswagen's Mexican unit reached an agreement with union leaders on Wednesday to increase workers' pay and avoid a strike.
More than 11,000 union workers at Volkswagen's plant near the city of Puebla accepted a 4.2 percent pay raise, preventing a walkout scheduled for Thursday, union leader Jose Luis Rodriguez told reporters.
The Puebla plant, about two hours' drive southeast of the capital, is the only Volkswagen operation in North America and is the sole producer of the popular New Beetle car.
The new salary deal includes minor improvements in benefits, the company and union said.
Workers had originally demanded a
Grupo Mexico official says Asarco strike settlement possible
Officials from Mexican copper mining concern Grupo Mexico SA were meeting with union representatives Friday to try to resolve a three-week-old U.S. strike at the company's Asarco unit, an official said Friday.
In a conference call with analysts to discuss Grupo Mexico's second-quarter results, chief financial officer Eduardo Gonzalez said he believed a solution to the strike was possible.
Friday's meeting was the first between management and the union since more than 1,500 workers went on strike in Arizona and Texas to protest the company's proposed wage freeze and reductions in health and pension
Mexico OKs Request to Close Copper Mine
Mexican labor authorities approved Grupo Mexico SAs request to close the La Caridad copper mine and cancel the collective contract after a three-month strike, a company official said Friday.
Juan Rebolledo, vice president for international affairs for Grupo Mexico, said the labor arbitration board approved the closure of the mine in northwestern Sonora state, and that the company can now cancel the contract which involves at least 1,200 unionized workers.
About 700 nonunion staff and 800 contract workers also will be affected, although the company can later reopen the mine with other workers once the
BASE METALS UPDATE: Grupo Mexico: Cananea Talks Going Well
Workers at La Cananea, a copper mine located in northern Sonora state, said Tuesday that talks were advancing well with parent company Grupo Mexico SA (GMEXICO.MX) over annual contract revisions.
Union Committee Plans To Discuss Asarco Offer Wednesday
The union bargaining committee representing workers striking against Asarco Inc. (ASX.XX) is planning to meet Wednesday to discuss a one-year contract offer that has been made by the company, as well as other issues, a union official reported Tuesday morning.
Mexico Steel Talks End Without Deal, No Strikes Seen Tue
Mexico Reaches Accord With Health-Care Workers, Averting Strike
Mexico has reached an agreement with leaders of a union representing its Social Security Institute, avoiding a strike that threatened to suspend health care for 42.5 million Mexicans this month, President Vicente Fox said.
Union leaders late last night agreed to accept a 4 percent pay increase and a government promise to hire 65,000 additional workers, said Leopoldo Perez Priego, assistant to union leader Roberto Vega Galina in a telephone interview from Mexico City. The union also agreed to raise worker pension contributions to 4 percent of their salaries, an amount that will
VW Mexico workers reject 4.2 pct pay rise but union to continue negotiations
Volkswagen AG workers at the Puebla plant rejected overnight the 4.2 pct pay increase proposed by management, but it was agreed that negotiations should continue, union officials said.
The plant's union secretary general Jose Luis Rodriguez said that workers have asked the union to continue negotiating a better deal, adding that talks will be held today.
VW's 12,000 unionised workers had threatened to go on strike tomorrow at 11.00 am.
Rodriguez said that only 5 pct of the workers convened at general meetings yesterday accepted the 4.2 pct
