Pemex Oil Traders Won't Have to Pay Back their Bonuses After All
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Construction Business Review | Wednesday, January 20, 2021
FREMONT, CA: Pelioleos Mexicanos’s oil trading subsidiary has reversed course on telling employees that they must return almost $ 1 million of profit-sharing bonuses they received to Pemex’s vast network of hospitals, which are saturated with COVID-19 patients.
The employees at PMI were informed that if they couldn’t return the 19 million pesos ($930,000) in 2019 profit-sharing they received immediately, the company would require a written explanation.
In some cases, PMI employees received an excel file with the names of colleagues in their department and how much money they should return.
Profit-sharing is a constitutional right in Mexico. According to the president, top government officials should voluntarily give back part of their year-end bonuses to the government.
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