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Private-sector News In Brief

LADB Article ID: 53859
Category/Department: Mexico
Date: 2000-06-07
By: LADB Staff

Mexico's largest business organization, the Consejo Coordinador Empresarial (CCE), experienced its first major split since its inception when one member left the organization because of a policy dispute. There was also dissent at Aeromexico, Mexico's largest airline, when unionized flight attendants threatened to strike over pay and benefit disputes. Meanwhile, Grupo Financiero Bancomer became Mexico's largest bank through its acquisition of financially troubled Banca Promex from the savings-protection agency (Instituto de Proteccion al Ahorro Bancario, IPAB) Retailers chamber splits from business council The Confederacion Nacional de Camaras de Comercio (CONCANACO), which represents 400,000 small and medium-sized businesses, bitterly parted ways with the CCE umbrella business council. CONCANACO president Jose Yamil Hallal said members of his organization voted to leave the CCE because the umbrella group failed to fully consider the needs and positions of all its member organizations. "They have turned into a bureaucratic entity that spends too much and pays little attention to its membership," Yamil Hallal told reporters. The CCE was formed in 1976 to coordinate the policies of the private sector in light of restrictions on businesses imposed by the administration of former President Luis Echeverria Alvarez (1970-1976).

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