Individual employee employment security under Mexican Federal Labor Law

Article Abstract:

US companies locating some operations to Mexico because of NAFTA need to be aware of the significant differences in labor law governing employment contracts between the US and Mexico. Mexican Federal Labor Law assumes labor contracts are for an indefinite term and sets specific limits on when an employer or employee can terminate the contract, such as when false documentation was provided or employee wages were reduced. Remedies include reinstatement or three months' wages, an amount including all benefits, bonuses, tips or other remuneration.

Economic policy, Labor contracts

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Employee profit sharing under the Mexican federal labor law

Article Abstract:

Mexico's federal labor law has a mandatory requirement for employee profit sharing, and this applies to US businesses that set up operations there. New businesses can be exempted for their first year, or two years for a new product. Other exemptions include exploration by new mining firms, nonprofit charities and under-capitalized firms making 6 million pesos or less. Profit sharing is computed by a national rate applied to profitability.

Profit Sharing, Executive compensation

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