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backGLOBALtalk April, 2012
Mexico: Increase to the Minimum Wages for 2012
On December 9, 2011, the increase to the general minimum wages for 2012 was agreed by the National Minimum Wages Commission, pending publication in the Official Federal Gazzete, with an increase of 4.2% for the three geographic areas into which Mexico is divided for such purposes.
Consequently, the new daily general minimum wages for the three geographic areas, effective January 1st, 2012, are as follows:
Geographic Area New General Minimum Wage 2012 Increase Percentage
Area A1 $62.33 MXN 4.2%
Area B2 $60.57 MXN 4.2%
Area C3 $59.08 MXN 4.2%
Although the increase percentage may serve as a general parameter for collective bargaining revisions, the evaluation of each company's particular situation and background is highly recommended.
Source: Baker & McKenzie - GAI
For more information or to contact Baker & McKenzie, please click here.
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