You may have heard of the workers at Juarez’ Lexmark plant getting fired for asking for a raise.
Printer and software giant Lexmark has fired dozens of workers from its factory in the Mexican city of Ciudad Júarez after they demanded a pay rise of $0.35 per day.
Hundreds of workers at the printer cartridge plant went on strike last week, calling for the company to increase its daily rate for experienced employees from 114 to 120 pesos – a raise of approximately $0.35.
Days later, Lexmark fired around 120 of the striking workers. Most of those dismissed had been involved in attempts to set up an independent union to advocate pay increases and improvements in working conditions.
But why blame Lexmark? That adds up to around $42 a day. They didn’t get to be worth $1.966 billion by being careless with their pennies.
Might be a good day to short Lexmark stock.