- GM agreed to a 10% salary increase for one year at its largest Mexico factory.
- The increase surpasses the two-digit barrier not seen in the automotive industry in years.
- The deal is also higher than inflation rate of 7.62%.
GM and union reach deal for 10% pay hike at Mexico pickups plant
U.S. automaker General Motors has agreed to hike salaries by 10% this year at its largest Mexico factory, the local union said on Monday, making for one of the biggest recent raises in the sector in Mexico.
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