Telmex offers better pension plan for new hires, according to union

The Telmex union announced that it is analyzing a new offer from the company that includes improvements in retirement benefits for new workers.

In a document from the telecommunications company, controlled by the family of tycoon Carlos Slim, shared with unionized workers and seen by Reutersthe new hires would obtain a pension equivalent to 100% of their final net salarydetermined by their employment category, and would have the right to retire after 35 years of work and when they are 65 years old.

The package would consist of pension paid under the contract with Telmex plus the rights that workers have in the IMSS, says the document.

The Telephone Operators Union of Mexico (STRM) was discussing the proposal at a general meeting and is expected to vote on it in due course.

The union, which represents 60 thousand 000 workers active and retired, carried out a two-day strike at the end of July, the first in four decades, after talks with Telmex broke down over issues related to salary increases, unfilled vacancies and benefits for new hires.

The strike ended after government mediation when Telmexa unit of América Móvil, and the union agreed to participate in a committee that had 20 days to present solutions to the conflict.

Telmex’s proposal aims to sweeten benefits, including through support so that new hires acquire houses through Infonavit.

The company’s offer does not appear to address other sticking points, such as the nearly 2,000 unfilled jobs.

Telmex said it wanted increase your funds in the next 10 years and invest them in technology and in the creation of new businesses.

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“We must optimize our resources and reduce our expenses in order to make this possible,” the proposal states. “We have to give the company an air,” she added. (rts)

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