Infonavit strike averted as Mexico secures 3.7% wage deal for workers
A planned strike by workers at Mexico's Infonavit has been called off after union representatives agreed to a new pay deal. The agreement includes a 3.7% wage increase, backdated to January 21, along with improved benefits for the institute's 15,000 employees. The settlement avoids disruption to housing finance and mortgage services across the country.
The union, representing staff at the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (INFONAVIT), had threatened a strike on March 21. Negotiations focused on wages and benefits for employees, who work primarily in housing finance, mortgage administration, and real estate development. A last-minute deal prevented the walkout.
The final contract review secured a 2% rise in some benefits and a 3.7% increase in others. Additionally, the union agreed to reduce worker dues from 2% to 1%. Combined with the wage and benefit adjustments, the total compensation package now amounts to a 4.7% improvement for staff.
With the strike averted, Infonavit's operations will continue without interruption. The pay deal ensures higher earnings for employees while maintaining stability in Mexico's housing finance sector. The changes take effect immediately, with backdated pay adjustments applied from January.
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