Presentation on theme: "My name is Mike Battah, President of Tiendas Sindicales De Beneficios Para Empleados de Maquiladoras. Tiendas Sindicales is a Benefits provider in the."— Presentation transcript:
1 My name is Mike Battah, President of Tiendas Sindicales De Beneficios Para Empleados de Maquiladoras.Tiendas Sindicales is a Benefits provider in the Mexican Free Trade Zone serving 1. 5 million factory workers operating in 1,500 Maquiladora factories. Most factories are owned by American fortune 500 companies such as Ford and General Motors. These factories also employ 300,000 Managers and Executives. Tiendas Sindicales provides luxury products such as Fragrances, Cosmetics, Skin Care, China, Tableware, Collectables, Luggage and Handbags. We also carry Tobacco, Wines and Spirits, Clothing, Electronics, as well as Sporting Goods and Toys.Mexican Labor Laws require Maquiladoras to offer all employees a benefit in the form of coupons for this type of merchandise. The coupons are referred to as Vales and they amount to 20 % of salaries, tax deductible. The CONFEDERACION DE TRABAJADORES MEXICANOS, the Mexican Labor Union known as the CTM manages all benefits for the employees at each factory. The CTM has a delegate in each factory to represent the Maquiladoras and manage the benefits between employer and employee.On June 9, 2006 Tiendas Sindicales was awarded a ninety-nine year contract with the CTM to supply the above mentioned products as a benefit. Your Company can market its products to these consumers through our different programs.^ Tiendas Sindicales sells Vales through the CTM. The Maquiladora employees redeem them at Tiendas Sindicales.^ Tiendas Sindicales prepares baskets called Despensas with assorted products from each category. The Despensas are sold tothe Maquiladora employees through the Delegate Representatives at each factory.^ Tiendas Sindicales has an Employee Performance Incentive Plan developed for each Maquiladora. The performance basedincentive plan rewards employees for productivity, attendance and tenure.^ Tiendas Sindicales has a Managers and Executives Employee Reward Plan as an incentive for the Executives to work in theseMexican Cities.The enclosed presentation will provide you with the background of Maquiladoras, Tiendas Sindicales and an idea on how the program operates.We are interested in exploring the opportunity to work with Your Company. We feel strongly that through our relationship with CTM, Your Company will be able to have a unique opportunity to market its products to these consumers through our program. Please feel free to call me directly at (210) to discuss how your company can begin to participate in this program.Sincerely,Mike BattahPresidentTiendas Sindicales De Beneficios
3 1500 Maquiladora Factories Total Payroll USD $ 21,600,000,000 1,500,000 Employees1500 Maquiladora FactoriesTotal Payroll USD $ 21,600,000,0001,200,000 Workers $ 750 month USD $10,800,000,000300,000 Managers & Exec’s $ 3000 month USD $10,800,000,000Total Payroll Benefit USD $ 4,320,000,000Total Economic Benefits Summary10 % Health Care (Additional, Social Coverage )10 % Family Care20 % Grocery OTC and Personal Care10 % Household Items10 % Transportation10 % Clothing10 % Education10 % Incentive Benefits10 % Bonuses
4 Market Characteristics The Mexico Free Trade Zone Maquiladoras have the highest paid hourlylaborers of Mexico, earning 3-6 times the average hourly labor wage.
5 Market Characteristics ContinuedFortune 500 companies, own most of the Maquiladoras and the Factories have extensive benefit programs to attract and retain employees.Ford Motor CompanyLamosa, S.A. De C.V.
6 Tiendas Sindicales De Beneficios Vales (Coupons) Come In Different Denominations
7 Sony Celebrates 30 Years In The Mexican Free Trade Zone With Six Plants
8 Tiendas Sindicales De Beneficios CTM HeadquartersTiendas Sindicales Office InCTM Building – Mexico City