Benigno Villarreal Del Río… / Captains

Column published in Reforma, Negocios / Opinión de Negocios  [Business / Business Opinion] Section, by the Editorial Department.
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This captain is the head of Vive Energía. Together with Envision Energy International, a Chinese company, he started the operation of the Parque Eólico Progreso [Progreso Eolic Park] in Yucatán, which involved an investment of 155 million dollars. With this project, almost half of the energy used in the Peninsula will originate from clean energy.

Mexicana: One Decade

It has been 10 years since the financial problems of Compañía Mexicana de Aviación, the country’s former flagship airline, led it into commercial insolvency and then to a bankruptcy that has not been legally closed yet.

More than 8,500 workers have not received their severance payments to this date and, in this decade, have only received payments for unpaid accrued salaries. The debt for severance payments is estimated to reach 10 billion pesos, as a minimum.

Three administrations have had this issue on their desks: those of former Presidents Felipe Calderón, Enrique Peña Nieto, and it is now in the hands of President Andrés Manuel López Obrador.

And, as in the case of other issues, AMLO started making promises. One of them, creating a new airline operated by former workers of Mexicana or that the Government should acquire Mexicana in the future.

That gave hope to pilots, flight attendants, ground and non-union personnel. However, nothing has happened.

Meanwhile, the workers are seeking to have the Tax Administration Service, headed by Raquel Buenrostro, return the concession of three bonded facilities of the AICM [Mexico City International Airport], headed by Jesús Rosano, that were recently taken away from them by the former.

The concession was in force and the workers operated it, but their sit-ins at customs have not yielded results. They have been promised that they will be heard.

Halfway there

The regulation that applies to banks, brokerage houses and other financial entities in the Open Banking model has progressed halfway.

The Bank of Mexico, headed by Alejandro Díaz de León, is in charge of part of the regulation and it has issued the first secondary rules of the Open Banking model.

These rules apply to clearing houses, which are companies that allow the reconciliation of payments made between different financial institutions. Prosa, headed by Alejandro Morales, is among them and it also applies to Credit Information corporations; in Mexico these are Trans Union and Dun & Bradstreet (which handles the Credit Bureau), as well as Círculo de Crédito.

But, in the case of the other part, which falls in the court of the National Banking and Securities Commission (CNBV), headed by Juan Pablo Graf Noriega, the regulation has been released gradually.

The regulations for the exchange of open data have just been established and the rules for the exchange of aggregate data have not yet been issued. Nevertheless, some banks are already running pilot tests for this phase.

If they want to profit from the benefits of open banking, they will have to speed this process up, because it is a topic that is becoming increasingly important.

Artisans to the World

Textile products made by artisans from Puebla, Oaxaca, Chiapas, Hidalgo and the State of Mexico can now be purchased in the United States, thanks to e-commerce.

Someone Somewhere, a high-impact venture led by José Antonio Nuño, and co-founded by Enrique Rodríguez and Fátima Álvarez, opened its e-commerce store for the US market yesterday.

The launching, which allows crossing the border, is made possible because it raised 1.7 million dollars. Part of the capital was provided by Louis Jordan, who has held executive positions in companies such as Nike and Starbucks.

Among the clothes and accessories for young people offered by this social company, you can purchase face masks, t-shirts and other products made with techniques such as waist looms, chicotillo looms, hand embroidery and pepenado.

180 artisans, 98 percent of which are women. depend on this venture, born four years ago; the artisans receive 30 percent of each product that is sold

The US represents a market that is 10 times larger than the Mexican market.

They tell us that for every 15 visits made to their website, they create one hour of handcraft work. And, since the pandemic started, the project has been able to enable 50 thousand hours of work.

Point in favor for fair payment.

‘Napito’ Loses

Yesterday we told you about the headcount to be conducted by the 70 unionized workers of the Holcim cement plant in Hermosillo, Sonora.

The qualification for handling the collective bargaining agreement was in dispute between the Mining Union, headed by the Morena senator Napoleón Gómez Urrutia, and the Worker’s Union of the Cement, Lime, Asbestos, Plaster, Containers and Similar and Related Products headed by CTM member Felipe Sosa .

Well, the result was that Gómez Urrutia was defeated. There were 50 votes in favor of the continuity of the current union, versus 18 votes for affiliation to the Mining Union. Two workers did not attend the meeting.

Prior to the process, which was conducted under the new rules of the Labor Reform, the senator presented the letters of support provided by international unions.

In face of this adverse result, it remains to be seen whether Gómez Urrutia will simply accept it.