Egypt’s Iron and Steel Company workers in the country’s Helwan city organised a protest on Sunday at the company’s headquarters, against a recent decision to liquidate the state-owned organisation.
The protestors called on the government to intervene to stop the liquidation move, which they told Youm7 would displace some 8,000 employees. They also demanded the state to: “Inject funds into the company’s development.”
According to the local website, the workers called on the Egyptian government to “modernise the company and preserve its assets,” which were estimated at 120 billion Egyptian pounds ($7.6 billion).
In recent days, the extraordinary general assembly chaired by President of the Holding Company for Mineral and Mining Indus…
Read the full article at: https://www.middleeastmonitor.com/20210118-workers-of-egypts-iron-and-steel-company-protest-against-liquidation/
