Mexico: 67 percent of businesses have cut staff to reduce costs

Posted on February 22, 2013 • Filed under: Business, Economy, Labor Issues, Mexico

In 57% of companies there has been no salary increase, survey reveals /
Mexico City, 67% of Mexican firms has made staff cuts to reduce costs and 74% of Mexicans do not receive benefits “superior” to the law, according to a study, a consultancy specializing in the field. In the research consisted of interviews with more than 2000 Mexicans wondered if their companies will provide benefits above the law in order to increase their salary, 74% said no, and only 26% said yes. Read Article

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