Pemex in union deal for worker raise

Pemex agreement: Company, union sign deal on wage increases

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News Wires

 03 August 2012 18:43 GMT

Pemex said this week that it had negotiated a 5.75% increase in wages and benefits to its main union, the Mexican Republic Petroleum Workers Union, with the changes taking effect immediately.

The annual increase raises wages by 4.25% and benefits by 1.5%, the Mexican state-controlled firm said according to Dow Jones.

Negotiations between the union and the government oil monopoly began on 12 July and finished Wednesday with the signing of the agreement by Pemex chief executive Juan Jose Suarez Coppel and union leader Carlos Romero Deschamps, the news wire said.

Deschamps, the longtime leader of the powerful union, also will serve as senator when the new Mexican Congress is seated next month.

He is a longtime member of the Institutional Revolutionary Party, or PRI,…

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