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VW Mexico workers reject 4.2 pct pay rise but union to continue negotiations

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

Volkswagen Mexico reaches deal with workers

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

BASE METALS UPDATE: Grupo Mexico: Cananea Talks Going Well

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

Volkswagen Mexico strike deadline nears

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’s Penoles Workers Postpone Strike Date to Vote Offer

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

Grupo Mexico official says Asarco strike settlement possible

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

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

Mexico Reaches Accord With Health-Care Workers, Averting Strike

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

Rita shuts down oil production in Gulf of Mexico

Rita shuts down oil production in Gulf of Mexico The impending strike of Hurricane Rita on the Texas coast poses as much of a risk to chemical output as it does to oil production and refining, analysts say, threatening shortages of key chemicals in coming days and weeks. An estimated 72 percent of all U.S. production capacity for ethylene was in the strike area of Rita. "About 72 percent of U.S. ethylene capacity is in the risk area, while 26 percent of U.S. refinery capacity is there," said an analyst . The devastating effects of Katrina on the Gulf of Mexico also pushed natural

Copper May Rise in London on Inventory Drop, Mexico Mine Strike

Copper May Rise in London on Inventory Drop, Mexico Mine Strike Copper may rise to a record in London on speculation that supply will lag behind demand after inventory declined and a strike at Mexico's largest producer continued for a fourth day. Stockpiles stored in London Metal Exchange-monitored warehouses fell 2.4 percent to 120,925 metric tons, the LME said today in a daily report. That's less than three days global consumption. Workers at Grupo Mexico SA's La Caridad mine in northern Mexico continued a protest, demanding better safety conditions. Reduced supply may lift prices by as much as $200 a