Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

U.S., Mexico resolve Panasonic auto parts plant labor dispute

Published 07/14/2022, 04:22 PM
Updated 07/14/2022, 04:27 PM
© Reuters. FILE PHOTO: A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017.   REUTERS/Toru Hanai/File Photo
GM
-
PCRFY
-

WASHINGTON (Reuters) -The United States and Mexico announced a resolution to a dispute at a Panasonic (OTC:PCRFY) auto parts plant in Mexico on Thursday, with workers receiving an above-inflation pay rise after the firm rejected an agreement with a union that lacked lawful bargaining authority.

The agreement involved the Panasonic Automotive Systems facility in the northern border city of Reynosa, Mexico, "where workers were previously denied their freedom of association and collective bargaining rights," the U.S. Trade Representative said (USTR) said in a statement.

Workers are set to get a 9.5% salary increase under a contract negotiated by a recently elected independent union, coming as Mexican annual inflation is running at a 21-year high of nearly 8.0%.

The agreement marks the second time that a case scrutinized under the two-year-old United States-Mexico-Canada Agreement (USMCA), has helped workers achieve salary increases after bringing in an independent union of their choice.

Workers at General Motors (NYSE:GM) in the central Mexican city of Silao scored an 8.5% raise in a negotiation between the company and their new union earlier this year.

In addition to scrapping a bargaining agreement with a union that lacked authority, the Panasonic plant agreed to remove the union, reimburse workers for union dues deducted from paychecks, and recognize an independent union, SNITIS, USTR said. Panasonic also hired back 19 workers who had been dismissed after what they said was a reprisal for backing SNITIS.

"We are pleased with the fact that USTR has terminated the proceeding under the rapid-response labor mechanism of the USMCA, and that the United States and Mexico are in agreement that there is no ongoing denial of our employees’ rights," Panasonic North America said in emailed comments.

Panasonic said it fully supports its employees’ rights of freedom of association and collective bargaining.

Mexico's Labor Ministry said all of the issues raised in the investigation had been resolved, and that it would monitor the plant to ensure the re-hired workers could freely support the union of their choice.

U.S. Trade Representative Katherine Tai in May asked the Mexican government to review the matter under the USMCA's Rapid Response Labor Mechanism.

© Reuters. FILE PHOTO: A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017.   REUTERS/Toru Hanai/File Photo

"Today’s announcement is yet another example of the Biden-Harris Administration’s commitment to defending the rights of workers, including those that live beyond our borders," Tai said in the statement.

The incident marked the third U.S. labor complaint under a new trade deal that aims to improve workplace conditions in Mexico.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.