Monte de Piedad workers will receive 100% of the wages accrued during their strike under an agreement the union and management signed at Mexico’s federal Labour Ministry on Wednesday, September 30, 2026. The deal closes a dispute that lasted nearly a year and affected 302 branches. The institution says those branches will reopen on Wednesday, October 7.
The Agreement and the Ministry’s Role
The union and the institution agreed to follow a comprehensive ruling drafted by the Labour Ministry, known as the STPS. Both sides signed the agreement at the ministry’s headquarters. The STPS said more than 70 negotiating meetings took place after the strike began on October 1, 2025. It reported progress in the talks, but said differences remained before the parties reached an agreement.
The ministry called the union and management back to negotiations on May 2, after earlier talks stalled. El CEO reported that more than 30 trilateral meetings had failed to produce an agreement by May. The account identifies the STPS as the government body that mediated the dispute and says the ministry drafted the final ruling. It names no international institution or framework connected to the settlement.
The dispute centered on the employment relationship at Monte de Piedad. The base report provides no information about migration, demographic change, or effects on Mexico’s native population, and describes no transfer of national sovereignty. It identifies no outside institutional beneficiary, either. The agreement covers wages, the collective labour contract, and the reopening of the institution’s branches.
Contract Dispute and Earlier Ruling
The union said management breached the collective labour contract. La Jornada reported eight alleged violations, including the sidelining of joint committees responsible for promotions. A previous strike ended with an agreement in March 2024; El Financiero reported that breaches of that agreement helped fuel the new dispute.
In February 2026, a judge granted the institution an injunction and declared the strike non-existent, El CEO reported, citing the institution. The agreement came after the ministry restarted negotiations and the union and management jointly chose to accept the ministry-drafted ruling.
Director José Antonio Murillo Garza and union leader Arturo Zayún González announced the strike’s end together in a video for staff. “We reopen the doors of the branches with our clients’ pledged items intact,” Murillo said. Zayún called rebuilding the institution with fresh ideas a “great task.” The ministry said it hoped the cooperation would be “lasting.”
Reopening and Customer Terms
Starting October 7, clients will get 45 days without interest charges. Interest accumulated while branches were closed will be discounted case by case, based on each client’s history. Customers must book an appointment online and bring an official voter ID card and their ticket number.
The branches are scheduled to operate from 8:30 a.m. to 5 p.m. on weekdays and from 9 a.m. to 2 p.m. on Saturdays. Workers are expected to return as the branches reopen. The report says it remains unclear how quickly all 302 branches can clear the backlog of pledged items accumulated during the closure.