Mexican workers strike over peso plunge

By Scott Marshall, in the People's Weekly World,
4 February, 1995

Angered over the plunge in the Mexican peso which has cut their real wages almost in half since December, over 2,600 workers at the Thomson Consumer Electronics plant in Ciudad Jurez, Mexico walked off the job Jan. 31 and blocked thousands of other workers from a second shift from entering.

The workers reportedly struck without the notice or involvement of the government-sponsored union, the Workers Federation of Mexico, which represents them.

The company had reported a sharp surge in profits since the peso's rapid plunge because it pays wages in pesos and their revenues are in dollars.

Before the peso collapsed, workers were paid about $2.25 an hour, which includes a 7 percent raise in December. At present rates, workers are paid just over a $1 an hour.

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