MEXICO CITY (Reuters) -Mexican state energy company Pemex said on Wednesday it had agreed with the powerful STPRM oil workers union on a 4.5% salary increase as part of the revision of the 2025-2027 collective bargaining agreement. Pemex did not specify the duration of the salary increase, but a document from the Union of Oil […]
Business
Mexico’s Pemex and powerful union agree to 4.5% pay increase
Audio By Carbonatix
MEXICO CITY (Reuters) -Mexican state energy company Pemex said on Wednesday it had agreed with the powerful STPRM oil workers union on a 4.5% salary increase as part of the revision of the 2025-2027 collective bargaining agreement.
Pemex did not specify the duration of the salary increase, but a document from the Union of Oil Workers of the Mexican Republic (STPRM), which represents its approximately 90,000 union members, specified that it would be for one year.
A union representative told Reuters that the revision of the collective bargaining agreement also included adjustments to benefits, and that both these and the salary increase would be retroactive to August 1.
Pemex did not immediately respond to a query about the validity of the salary increase or what the union representative had said.
(Reporting by Ana Isabel Martinez and Adriana Barrera;Writing by Stefanie Eschenbacher;Editing by Brendan O’Boyle)