Mexican union suspends strike threat against Home Depot

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG0J1SN_L.jpg

MEXICO CITY (Reuters) – A top Mexican trade union said on Monday it has suspended its threat to launch a strike at Home Depot (NYSE:) stores across Mexico over labor demands, adding it is in talks with the U.S. home improvement chain to improve pay and benefits for workers.

The Revolutionary Confederation of Laborers and Farmworkers, or CROC, is pressing for a 20% pay raise, benefits such as 20 annual vacation days and more contributions toward transportation, school supplies, food and savings funds.

Home Depot has about 6,200 workers under the union’s contracts, according to CROC, out of a total of 16,000 Home Depot employees across 125 stores in Mexico.

The negotiation process is being overseen by local labor councils, said CROC spokesman Eduardo Miranda.

“If there is no agreement between the parties, they establish a day and time to launch the strike,” he said.

The demands for Home Depot, where CROC has 40 collective contracts in 18 Mexican states, in part grew out of the United States-Mexico-Canada Agreement (USMCA), which includes strict labor protections.

The trade pact was approved by the U.S. Senate last week, and will now go to President Donald Trump for him to sign into law.

Home Depot did not immediately reply to a request for comment. It previously told Reuters it was committed to complying with the law.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment