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SourceMex PDF file 1997 right arrow May

Labor Might Withdraw from Annual Negotiations on Anti-Inflation Accord

LADB Article ID: 55195
Category/Department: Mexico
Date: 1997-05-28
By: LADB Staff

In early May, Mexico's two largest labor organizations said they are considering abandoning the annual negotiations for anti-inflation agreements. Under the agreements, which in recent years have also been called "economic-growth pacts," representatives of labor, business, and the government collectively set limits on increases in minimum wages and retail prices for basic products to keep inflation under control.

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