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Chilean lithium miner SQM begins laying off 5% of local workforce
Chilean lithium miner SQM begins laying off 5% of local workforce

Reuters

time25-06-2025

  • Business
  • Reuters

Chilean lithium miner SQM begins laying off 5% of local workforce

SANTIAGO, June 25 (Reuters) - Chilean lithium miner SQM ( opens new tab has begun laying off workers in its Chilean operations, according to a union memo to workers seen by Reuters on Wednesday. A union source said the dismissals would amount to 5% of its workforce nationwide. SQM employs 8,344 people in Chile and elsewhere, with three-quarters working at the northern Chile operations where it extracts lithium, a key battery metal. SQM declined to comment.

Mexico's Pemex to save $184 million this year in reorganization
Mexico's Pemex to save $184 million this year in reorganization

Reuters

time04-06-2025

  • Business
  • Reuters

Mexico's Pemex to save $184 million this year in reorganization

MEXICO CITY, June 4 (Reuters) - Mexican state energy company Pemex said on Wednesday that it plans to save 3.53 billion pesos ($183.89 million) this year and another 1.27 billion pesos next year as part of an institutional reorganization. In a regulatory filing, Pemex said layoffs would make up 1.4% of historical full-time positions, and that 71% of its total payroll spending would go to operational areas. ($1 = 19.1960 Mexican pesos)

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