ArcelorMittal, Labor Union Settle Strike in Mexico
March 13 2016 - 10:31PM
Dow Jones News
By Anthony Harrup
MEXICO CITY -- Steel maker ArcelorMittal and the Mexican Mining
and Metal Workers Union reached an agreement to end a strike at the
company's steel mills in the Pacific port of Lazaro Cardenas, the
union and the Labor Ministry said Sunday.
In negotiations mediated by the ministry, ArcelorMittal agreed
to relocate 125 workers following the recent closure of a coke
plant and pay severance to 81 others, and to extend for another
year an agreement over the use of third-party contract workers, the
ministry said in a release.
The ministry said it welcomed the efforts of both sides to end
the strike, which began March 4. It said the company employs 8,500
people in Mexico, including 7,600 in Lazaro Cardenas. ArcelorMittal
also agreed to pay wages for the time that workers were on
strike.
Operations are due to resume Monday, the ministry added.
The union said the agreements were unanimously approved late
Saturday by workers in Lazaro Cardenas, and that the union and the
company agreed to meet in two weeks to discuss other pending labor
issues.
Write to Anthony Harrup at anthony.harrup@wsj.com
(END) Dow Jones Newswires
March 13, 2016 22:16 ET (02:16 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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