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Pemex To Change Labor Accords

Mexican state-run oil company Pemex's officials have discussed labor accords in light of a controversial agreement...

Pemex To Change Labor Accords

Mexican state-run oil company Pemex?s officials have discussed labor accords in light of a controversial agreement that would have transferred some $675 million to the national oil workers' union STPRM.

Energy secretary and Pemex chairman Fernando Elizondo had expected a new agreement to be ready the week of October 18, but the board has still not agreed terms of a new deal.

The original agreement, which former Pemex director Raul Munoz and STPRM general secretary Carlos Romero signed on July 26, became invalid because it did not first pass through the finance ministry.

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