MEXICO CITY -- Three years after a revamped North American trade pact took effect, demands by labor unions and stricter standards for tariff relief are squeezing manufacturers from Japan and elsewhere that have set up shop in Mexico.
GM, Panasonic among companies seeing big increases in labor costs
Activists hold signs outside a General Motors factory in Silao in February 2022. Its union secured the first double-digit wage hike in years this year. © Reuters
MEXICO CITY -- Three years after a revamped North American trade pact took effect, demands by labor unions and stricter standards for tariff relief are squeezing manufacturers from Japan and elsewhere that have set up shop in Mexico.