Telmex, the Mexican telecommunications firm controlled by Carlos Slim, reached a contract agreement with its union to raise salaries up to 4.5 percent for some workers, Mexico’s government announced on Wednesday.
Employees making under 1,122.22 pesos, or around $56 a day, will receive the 4.5 percent bump, while those making more than that amount will receive a 50.50 peso ($2.52) raise plus a 1.1026 percent increase to benefits, the government said in a press release.