MEXICO CITY, June 5 (Reuters) - Mexican telecom Telmex, a subsidiary of America Movil (AMXB.MX), has reached a deal with a workers' union that proposes a 5.6% pay rise, the country's labor ministry said on Monday, after extended negotiations.
Some 30,000 current and retired workers will now vote on the deal, it added.
The company and union also agreed on other commitments such as increasing market share, sales, customer retention, investments, benefits for workers' children, share-exchange and voluntary permanence programs among others, it added.
The labor ministry had been mediating between the company and the telephone workers' union.
($1 = 17.4537 Mexican pesos)Reporting by Carolina Pulice; Editing by Sarah MorlandOur Standards: The Thomson Reuters Trust Principles.
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Carlos Slim's, Carolina Pulice, Sarah Morland
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MEXICO CITY, Thomson
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MEXICO, Mexican, America