The union leader of the workers of the indebted steel company Altos Hornos de México (AHMSA) requested the intervention of the President of the Republic to unlock the operational paralysis of the company because workers have gone three months without pay.
"Hopefully the Federal Government already shows willingness to want to fix the AHMSA problem," said the general secretary of the National Democratic Union of Mining, Metallurgical, and Steel Workers (Mining Union), Ismael Leija Escalante, in a press release.
"You cannot ask the workers for patience, it has already been 16 weeks without receiving their salary (...) A possible call for a strike is not a solution because it would complicate things," said the union leader.
This week, the current Chairman of the Board of Directors of AHMSA, Alonso Ancira Elizondo, in an interview with a local media outlet in Coahuila, said that the investors "Cargill Capital," the Texan Kickapoo tribe and an investor or company from China, which will be the operator of the Mexican steel company, only awaits the approval of the President of the Republic, Andrés Manuel López Obrador, to restructure $500 million in debts related to public administration units.
Ancira said that if López Obrador is accepted, the workers will be paid in two weeks because the business plan considers an investment of $1.0 billion in three years, of which $250 million will be working capital to restart the operations that the steel company that stopped producing since the beginning of the year.
The coordinator of the investors is the US manager of New York investment funds Argentem Creek Partners. At the time of accepting the president, Ancira will cease to be the president of the board of directors of AHMSA, for which the businessman has already signed his resignation letter, which will apply until the conditions of the investors are accepted.
According to public data from AHMSA (from 2020), 68.5 percent of its workers are unionized. Information from AHMSA, seen by SteelOrbis, shows that until December of last year, there were 13,905 workers.