ArcelorMittal, Labor Union Settle Strike in Mexico

 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 [e-mail]

(END) Dow Jones Newswires

March 13, 2016 22:16 ET (02:16 GMT)

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