The 20K Club
The numbers behind the Mexican listed companies with over 20 thousand employees.
According to the most recent filings from the Mexican Stock Exchange (BMV), 25 listed companies reported employing a workforce of over twenty thousand people. In total, these businesses employ just over 2 million individuals and hold almost three quarters of the market’s total assets—a figure just shy of $7.6 trillion pesos.
To put this data into context, only two states in Mexico—Mexico City and Jalisco—have a higher formal employment figure than the combined headcount of these 25 companies.
Based on the latest data from the Mexican Social Security Institute, FEMSA alone has more people on their payroll than the entire formal workforce of 14 states in the country, including: Aguascalientes, Durango and Guerrero.
How do these giants differ from the rest of the market? Read on to find out.
Please note that in this article we do not include (or analyze) financial institutions such as: Banorte, Quálitas, Inbursa, BanBajío, etc.
We also maintain Lala and Bachoco despite their recent delisting from the market for informational purposes.
According to data from company filings, these 25 businesses reported revenues exceeding $6.1 trillion pesos during the past 12 months, implying a YoY increase of 1% for their top-line. The rest of the listed companies registered a revenue figure of $1.2 trillion pesos, contracting 6% versus the previous year.