President Claudia Sheinbaum requested that in the judicial process of Altos Hornos de México (AHMSA), workers' labor rights be prioritized over creditors. At an event in Monclova, Coahuila, she emphasized the need to reactivate the steelmaker to prevent its dismantling and regional economic decline.
President Claudia Sheinbaum stated this Saturday, during a public event in Monclova, Coahuila, where Altos Hornos de México (AHMSA) is located, that her government has asked the judge and the syndic of the commercial insolvency proceedings to ensure, in case of liquidation, the payment of labor rights according to the law, prioritizing workers over creditors.
“Workers of AHMSA come first,” Sheinbaum affirmed. She added: “If it is to be liquidated, let it be done according to the law and that they receive all their resources. No paying creditors first and workers later.”
Sheinbaum explained that the process is judicial and does not depend solely on the government, as an auction of assets has already been conducted. However, her administration requested seeking the company's reactivation to avoid selling its facilities as scrap and impacting the regional economy. “No auction and then everything sold as scrap metal and left there. No. We want the reactivation of the entire economy related to what Altos Hornos de México once was,” she emphasized.
AHMSA, one of the country's main steelmakers headquartered in Monclova, faces a deep financial and legal crisis that has left thousands of workers without salaries or benefits. The company was declared bankrupt in April 2023, after years of deterioration and corruption proceedings linked to its former director Alonso Ancira. During Andrés Manuel López Obrador's government (2018-2024), an attempt was made to rescue it despite billions in debts to the State, but the plan did not succeed. Since then, it has remained under commercial insolvency, and Sheinbaum said her government will closely follow the process, whose resolution is pending, reiterating that there must be justice for the workers.
