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Walmart says it has reached deal with Mexican union, averting strike

Kitco News

MEXICO CITY (Reuters) - Walmart de Mexico, Mexico’s biggest retailer, said on Thursday that it has reached a deal with union CROC and that the group has given up plans to go on strike later this month.

The company said in a statement that the deal offers workers an average annual salary increase of 5.5 percent.

Reporting by Daina Beth Solomon; editing by Julia Love

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