Mexican Steelworkers Agree to Job Cuts
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<i> From the Associated Press</i>
MEXICO CITY — Employees of the Altos Hornos steel plant in the northern city of Monclova have agreed to the dismissal of 4,558 workers, the government newspaper El Nacional reported.
The agreement signed last week also provides for a 10% increase in salaries and 5% in benefits.
Management of the state-owned company originally wanted to fire 7,200 workers as part of a modernization plan.
Negotiations continue on dismissals of some of a group of $1,000 workers in another plant.
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