Labor Court Backs Minosa Strike, Raising Stakes for AHMSA Auction

Overview

• A Mexican labor appeals court ruled the 2024 Minosa strike is legally valid, a decision that strengthens workers’ claims for back pay and benefits at the iron mine in Sierra Mojada, Coahuila.
• The court’s finding lands as the bankruptcy trustee, Víctor Manuel Aguilera, seeks to sell Altos Hornos de México and its Minosa unit as a single business with a starting price set at 85% of an estimated $1.326 billion.
• The sale plan filed in the Second Court for Insolvency Cases under Judge Ruth Huerta gives secured creditors a fast track to bid without prequalification and sets a 10‑day window for objections with a roughly 70‑day path to close if approved.
• Named secured creditors include Afirme, Cargill, Pemex, Caterpillar, Unifin, and Tubacero, and a prior auction in February fell through after disputes over assets pledged as collateral worth more than 20 billion pesos.
• The trustee has also asked to strip Minosa workers of creditor rights even as more than 8,000 employees have gone unpaid for over two years and President Claudia Sheinbaum has said sale proceeds should go first to wages.