Egypt's Largest State-Run Textile Factory Collective Strike Is The Year-End Award.
< p > the main reason for the strike is that the state-run company delays the year-end bonus which was originally required to be paid in installments at the end of 2013. It must be paid within two weeks. At the same time, the minimum wage and the Fouad Abdel-Alim of the textile holding company are required. Although he claims that the ministerial economic group has decided to respond as quickly as possible, so far, the company authorities do not seem to have any movement. < /p >
< p > > a href= "http://www.91se91.com/news/list.aspx Classid=101112107101" > textile trade union < /a > has reached an agreement with the government in 2013. Textile workers in all parts of Egypt can share the company's average surplus by installment payment, amounting to 157 million pounds (US $22 million 400 thousand), the first three installments are paid, and two still to be paid, which triggered two strikes in August 2013 and October. < /p >
< p > Sahar Othman, vice president of the Egyptian Federation of Commerce, said that at present, there are 4 million 200 thousand employees in all state owned enterprises in Egypt, of which 9 public holding enterprises have 1 million 200 thousand workers and 50 public institutions, and are established in accordance with the act 203rd of 1991 (Business Sector). Due to the independent operation of enterprises' finances, this is not in the government budget and should not be regulated by the minimum wage of the government. However, Gebali El-Merghany, the chairman of the association, said it would discuss with the National Council of Wages within a few days. < /p >
< p > Telecom Egypt is a state-owned enterprise. Because there is no a href= "http://www.91se91.com/news/list.aspx Classid=101112107108" > employee salary < /a > less than 1200 pounds per month, there is no such problem. Correspondingly, the company needs the highest salary standard, so as to avoid too much wage difference. < /p >
In July this year, the Egyptian economy began to falter in the political turmoil following the overthrow of the Muslim government led by the Muslim Brotherhood, but its garment manufacturing industry continued to operate and complete the delivery of orders. P According to Bassem Sultan, executive director of Alexandra dyetex, "the situation is not as bad as what everyone saw on TV. Fortunately, companies and factories are still operating as usual, and ports and banks are also open. So we are not affected so seriously. Generally, business is still not completely normal. Currently there are curfew from seven to six a.m., because retail stores are closed, the local retail industry is still affected, transportation is also, everyone is adjusting, curfew time may be shortened, and of course retailers are still worried, so a small number of people have taken orders." < /p >
< p > according to the report of hurriyet daily news of Turkey daily in Turkey, some textile mills in Turkey have been suspended from business to wait for a stable situation. This is very important because Turkey enterprises invest in manufacturing in Egypt for a total amount of US $1 billion 800 million. It is not clear when the situation is unstable and when elections are held, and foreign investment has been scare away. Bassem Sultan pointed out that "no new investment, no expansion plan, everyone is waiting, everyone is watching, while trying to maintain the current operation, the industry is currently missing funds, banks are mainly doing business of government units". < /p >
< p > according to the Egypt Textile Export Council, the value of textile exports in 1-5 this year is 2 billion 440 million Egyptian pounds (US $349 million), up 16.5% over the same period last year. However, Sultan said that the href= href= http://www.91se91.com /news/list.aspx Classid=101112107102 > exports less than last year will be lower than last year, compared with the previous year (2011). The European Union's trade statistics also confirm the continuing instability of the situation and the workers' strike, including the clothing industry, which has struck heavily on Egypt's exports. < /p >
Last year, Egypt's textile and clothing exports to the European Union ranked seventeenth, amounting to 810 million euros ($1 billion), which was 12.6% lower than the 927 million euro of the previous year. Similarly, in 2012, the total amount of Egyptian textiles and clothing exported to the United States totaled 1 billion 40 million US dollars from 2.8% of 2011 US dollars. In this case, the export of garment exports dropped from 902 million 800 thousand US dollars to 871 million 500 thousand US dollars, a decline of 3.5%; in 2013, the export of garments exported from 1-5 to us was only 786 million US dollars, a decrease of 6%. < /p >
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