With a population of 120 million, Mexico’s economic growth has been driven largely by integration of the NAFTA (The North American Free Trade Agreement), which is one of the word’s largest free trade agreement and hence makes the country a very attractive trade hub. The NAFTA is a commerce agreement between The U.S., Canada and Mexico that facilitates commercial exchange between the three countries. After joining it 20 years ago, Mexican economic has seen notorious growth on industry diversity and exportation.
The industry is composed of food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables and tourism. Employment Legislation
Mexican labor law is very paternalistic and follows a stability principle. The employment stability principle favors the employee, assuring and protecting the permanency
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The probationary period may be for a term of up to 30 days, generally, or extended to up to 180 days for employees in managerial, technical or professional positions.
· Initial training period: for positions that require initial training, the employment agreement can be set for a term of up to three months, generally, or up to 180 days for managerial, technical or professional positions.
· Indefinite Period: due to the principle of "employment stability", unless a contract specifies otherwise, it is deemed to be for an indefinite term, i.e., open-ended.
· Fixed Term: a fixed-term contract is enforceable only: if a fixed term is required by the nature of the work; or for a temporary replacement of an absent