Anonymous ID: d8ac8e Feb. 3, 2019, 9:50 p.m. No.5022549   🗄️.is 🔗kun   >>2611 >>2696 >>2736 >>2906 >>3097 >>3188

>>5020983 pb

 

this is repost from pb

 

Mexico's president unleashes labor unrest at border plants

 

MEXICO CITY — A mass strike at 48 “maquiladora,” or manufacturer, plants in Mexico’s border city of Matamoros is heading for victory, bringing pay raises for laborers who make less than $1 an hour, or about 100 pesos a day, assembling auto components and TV sets for export to the United States - and causing jitters for the business community.

 

The labor battle broke out in mid-January after President Andres Manuel Lopez Obrador decreed a doubling of the minimum wage in Mexico’s border zones, apparently unaware that some union contracts at the maquiladora plants are indexed to minimum wage increases. The decree sparked a wave of walkouts involving about 25,000 workers.

 

The maquiladoras claim the strikes threaten the very existence of their industry, which has attracted over 5,000 mostly foreign-owned plants and 2 million jobs by paying very low wages. Union leaders say those worries are overblown, noting that workers at the border plants still earn far less than their counterparts in the United States.

 

Less than a week after the strike broke out, a majority of the export plants in Matamoros - 29 companies with a total of about 34 factories - have agreed to the union demands.

 

Lopez Obrador also has shown a certain fondness for militant union bosses like Mine Workers’ head Napoleon Gomez Urrutia and the head of the Electrical Workers Union, Martin Esparza, even though both have been accused of questionable financial deals and of holding more protests than negotiations.

 

But Zuniga brushes off suggestions that Lopez Obrador favors the miners’ union, and he dismisses accusations that he and other strike organizers are helping President Donald Trump’s campaign to bring manufacturing plants back to the United States.

 

“Unfortunately, people here in Matamoros live on very low salaries,” Zuniga said. “There is no plot, no conspiracy, other than to protect and help the workers.”

 

https://www.washingtontimes.com/news/2019/feb/3/andres-manuel-lopez-obrador-mexicos-president-unle/

Anonymous ID: d8ac8e Feb. 3, 2019, 10:20 p.m. No.5022746   🗄️.is 🔗kun

>>5022710

 

Execs have dumped too

 

Since February '17

$221,615,141 in Insider sales

$56,301 in buys

see cap 2

https://www.secform4.com/insider-trading/320187.htm

Anonymous ID: d8ac8e Feb. 3, 2019, 10:29 p.m. No.5022820   🗄️.is 🔗kun

>>5022775

it will have to include having the chinese setting up manufacturing here in order to avoid the tariffs. Look what habbened in the early to mid 80's. All our business's decided it was cheap to off-shore it to them. That needs to be reversed in order for china to stay away from the tariffs. They still have a huge manufacturing capacity.

Anonymous ID: d8ac8e Feb. 3, 2019, 10:35 p.m. No.5022850   🗄️.is 🔗kun

>>5022802

Oppression and being taken advantage of.

No other choices for most of them. South of TJ has much in the form of chinese manufacturing but mostly new and not at the same level the ones located in matamoras