A major union is taking steps against the liquidation of Egyptian Iron and Steel Company, one of the companies linked to the Ministry of the Public Business Sector, RT reported on Wednesday. The company was established by the then President of Egypt, Gamal Abdel Nasser, in 1954.
The head of the Syndicate of Private Sector Workers called on the government to explain the decision taken at the Extraordinary General Meeting of the company. Shaaban Khalifa pointed out that the liquidation decision will have “negative consequences” for 7,500 workers and their families.
Khalifa added that the EGM took the easiest way out without considering alternatives that could stop the iconic company’s losses, which are estimated at 9 million Egyptian po…
Read the full article at: https://www.middleeastmonitor.com/20210114-union-acts-against-liquidation-of-egyptian-iron-and-steel-company/