STPS estimates that profits will remain stable

Federal agency figures warn that in 2020, 87.645 billion pesos were paid out for Employee Profit Sharing (PTU), a figure that will rise to 231.536 billion pesos by 2023. Credit: Courtesy

Profit-sharing payments grew exponentially after the approval of the subcontracting reform and are now expected to remain stable, said Alejandro Salafranca, head of the Decent Work Unit of the Ministry of Labor and Social Welfare (STPS).