Cement workers refuse buyouts, propose self-management المشروع الجديد للمعاش المبكر يثير أزمة في شركات أسمنت طرة وحلوان والسويس at 3arabawy

Cement workers refuse buyouts, propose self-management المشروع الجديد للمعاش المبكر يثير أزمة في شركات أسمنت طرة وحلوان والسويس

Published by Hossam el-Hamalawy May 20th, 2007 in Activism, Economy, Egypt مصر, Labor عمال

The Cement workers in Tora, Helwan and Suez are refusing an early buyout scheme their Italian management is currently drafting, with the aim of cutting down the labor force. Instead the workers want to buy the shares of the foreign management, and are proposing they (the workers) run the company themselves, promising to bring down the cement market price from LE400 per ton (expected to rise soon to LE600) to LE200.

Click on the photo below to read Al-Masry Al-Youm’s report…