AGL 38.40 Increased By ▲ 0.25 (0.66%)
AIRLINK 129.50 Increased By ▲ 4.43 (3.54%)
BOP 7.08 Increased By ▲ 0.23 (3.36%)
CNERGY 4.55 Increased By ▲ 0.10 (2.25%)
DCL 8.20 Increased By ▲ 0.29 (3.67%)
DFML 38.37 Increased By ▲ 1.03 (2.76%)
DGKC 79.70 Increased By ▲ 1.93 (2.48%)
FCCL 32.00 Increased By ▲ 1.42 (4.64%)
FFBL 72.60 Increased By ▲ 3.74 (5.43%)
FFL 12.23 Increased By ▲ 0.37 (3.12%)
HUBC 109.74 Increased By ▲ 5.24 (5.01%)
HUMNL 13.80 Increased By ▲ 0.31 (2.3%)
KEL 4.93 Increased By ▲ 0.28 (6.02%)
KOSM 7.46 Increased By ▲ 0.29 (4.04%)
MLCF 37.60 Increased By ▲ 1.16 (3.18%)
NBP 69.90 Increased By ▲ 3.98 (6.04%)
OGDC 187.21 Increased By ▲ 7.68 (4.28%)
PAEL 25.10 Increased By ▲ 0.67 (2.74%)
PIBTL 7.26 Increased By ▲ 0.11 (1.54%)
PPL 149.90 Increased By ▲ 6.20 (4.31%)
PRL 25.10 Increased By ▲ 0.78 (3.21%)
PTC 17.17 Increased By ▲ 0.77 (4.7%)
SEARL 81.65 Increased By ▲ 3.08 (3.92%)
TELE 7.50 Increased By ▲ 0.28 (3.88%)
TOMCL 32.80 Increased By ▲ 0.83 (2.6%)
TPLP 8.41 Increased By ▲ 0.28 (3.44%)
TREET 16.55 Increased By ▲ 0.42 (2.6%)
TRG 56.20 Increased By ▲ 1.54 (2.82%)
UNITY 27.99 Increased By ▲ 0.49 (1.78%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,418 Increased By 329 (3.26%)
BR30 30,766 Increased By 1257 (4.26%)
KSE100 97,489 Increased By 2914.4 (3.08%)
KSE30 30,391 Increased By 945.7 (3.21%)

MEXICO CITY: Mexican President Andres Manuel Lopez Obrador said on Saturday that Mexico had lost 277,000 jobs in the month of December, which he attributed to subcontractors cutting employees from the books to avoid paying benefits and year-end bonuses.

“Outsourcing companies dismiss many workers registered in the Mexican Social Security Institute (IMSS) so they don’t have to pay benefits or give them bonuses, and for that reason after we had been gaining jobs month after month, we lost 277,000 jobs in December,” said Lopez Obrador in a video published to Twitter Saturday.

Lopez Obrador has championed a bill which would ban companies from subcontracting jobs to third-party firms, which now employ some 4.6 million workers throughout Mexico, except in cases where workers are needed for special services beyond a company’s main business.

Comments

Comments are closed.