Luz y Fuerza worker buyouts enter final week

Labor Secretary Javier Lozano announced that more than 22,000 Luz y Fuerza workers—about half the total—have accepted the government’s buyout offer, at a cost of Ps. 12 billion. The buyout offer expires November 14. A judge granted the SME union an injunction to prevent declaring the labor contract between the SME and Luz y Fuerza terminated, but Lozano said the action was a technicality that would not stop the process from moving forward.  CFE, the other national electric utility, will start re-hiring Luz y Fuerza’s workers this week under its own labor agreement. Some 9,500 workers have asked to be rehired by CFE or get government assistance in setting up their own businesses. (Reforma 11/8)

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