Client Alert for Mexico: Ministry of Labor proposes profit sharing amendments to labor bill


Client Alert for Mexico: Ministry of Labor proposes profit sharing amendments to labor bill

During a recent meeting with employers and employees’ representatives, the Ministry of Labor announced the incorporation of a “cap” that would be applicable on the profit sharing per employee. If agreed and approved by the House of Representatives, the cap referred to will be equivalent either to three months of salary or the average computed after the profit sharing received by each employee in the previous three years (the highest between both will be applicable in benefit of the employee).

in-2021-ANDERSEN MX-Client Alert Labor BIll

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