New minimum wages 2015

The Mexican National Commission of Minimum Wages (“CONASAMI”) issued a resolution effecting an increase in the daily general minimum wages that will be applicable for year 2015, in the two geographic areas (“A” and “B”) in which the Mexican territory is divided for these purposes.
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The Mexican National Commission of Minimum Wages (“CONASAMI”) issued a resolution effecting an increase in the daily general minimum wages that will be applicable for year 2015, in the two geographic areas (“A” and “B”) in which the Mexican territory is divided for these purposes. The increase for both geographic areas was of 4.2% with respect to last year’s salaries. The aforementioned increase is pending publication in the Federal Official Gazette.

The daily general minimum wages for each of these geographic areas will be as follows:

Geographic Area “A”: $70.10 Mexican pesos
Geographic Area “B”: $66.45 Mexican pesos

It should be noted that the aforementioned percentage increase may serve as a general parameter for the revisions to collective bargaining agreements applicable in companies; however, we recommend analyzing each particular case on an independent basis.

Mexico City, on December 19, 2014.

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