Workers at Mexican steelmaker ArcelorMittal Mexico have reached an agreement with the nation’s mining and metal workers union to end a strike at the company’s mill in Lazaro Cardenas, in the state of Michoacan, a government official said.
According to Alfonso Navarrete Prida, Secretary of Labor and Social Welfare, the strike, which began on March 4, ended this weekend after a dialogue with the steelmaker and the local union. Production resumed Monday.
Under the terms of the deal, ArcelorMittal is expected to pay 100 percent of the workers’ wages during the period of the strike, plus continue negotiating with the local union regarding a collective agreement.
Additionally, the two parties agreed that a contract established with the company’s contractor workers, which ended on January 31 this year, should be renewed for one more year.
ArcelorMittal was losing about 10,000 mt of steel production per day as a result of the strike.