Taxes on the bourse    Damage to Turkey's standing    Slow-cooked or raw Brexit?    Egypt ‘shocked and distressed' by Ethiopian PM's comments on GERD    Lebanon PM seeks foreign support for reforms amid protests    UK lifts four-year ban on flights to Egypt's Sharm el-Sheikh    NBE leasing arm receives EGP1bln loans from 5 banks    President Sisi arrives in Sochi for Russia-Africa Summit    Live score: Juventus v Lokomotiv Moscow (UEFA Champions League)    Israel's Netanyahu gives up effort to form new government    Beckham's stadium complex for Inter Miami taking shape    Tennis: Hewitt happy to end Davis Cup exile of "different" Kyrgios    Saudi profits from corporate earnings, Qatar extends losses    Canada's Trudeau retains power in election but will have minority government    Egypt's parliament endorses €205 mln loan deal with EBRD to upgrade Cairo Metro's first line    Liverpool's Egyptian star Mohamed Salah among 2019 Ballon d'Or nominees    Egypt's train fares to not increase until developing services – minister    Oil steady on weak demand worries despite U.S.-China trade optimism    Liverpool's Egyptian winger Salah ruled out of Manchester United clash    European markets seen cautiously higher as Brexit uncertainty returns    WHO hails 'triumph' as Ebola vaccine gets European green light    Current and ex smokers may lower lung cancer risk with exercise    Egypt's Sisi praises SCC's role in protecting justice, rights, freedoms    France's President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    After a young pupil dies of meningitis in Egypt, tips to help prevention    French President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    Grand Nile Tower Arts & Cultural Centre launches second round    Egypt's coach Hossam El-Badry satisfied with winning start despite technical problems    Luxor's new discoveries    Moroccan film Nomades scoops awards in Alexandria Film Festival    Six authors vie for Booker prize 2019, Atwood in the lead    In Photos: A sneak peek into rehearsals for the Cleopatra ballet world premiere    Sisi: army engaged in attrition phase against terrorism in Sinai since 2013    Sisi, Ethiopia's PM to meet in Moscow to discuss GERD issue    Sisi, Ethiopia's PM agree to overcome obstacles in Nile dam talks    Farwell to Egyptian comic actor Talaat Zakaria    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

NCGC workers to stage sit-in outside presidential palace on 30 March
Workers demand privatisation of the once-public sector company be annulled
Published in Daily News Egypt on 22 - 03 - 2016

Workers from the Nile Cotton Ginning Company (NCGC) announced on Monday they will stage a sit-in outside Itihadiya presidential palace on 30 March, demanding that the privatisation of the once-public sector company be annulled.
A statement from workers in the company said that after several pleas and protests since 2008 until last Wednesday, and after the court verdict and cabinet executive order were not applied, the workers decided "with all sorrow" to stage the sit-in.
The NCGC was sold in 1997 to a group of investors at a time when the company had manpower of up to 5,000 workers and was making profits, of which the workers received shares, according to the latest budgets before sale.
Since the sale in 1997, the company has appointed successive boards of directors, all of whom have been party to the sale of acres of lands and the assets of the company, laying workers off and other violations that have further escalated since the current board was appointed in 2008. This prompted workers to start protesting the privatisation of the company.
"The investors sold machinery from the company's factories as scrap iron and they want to sell the lands, what did the state gain from this [sale]?" Khairy Rizk, a representative of the workers who are organising the sit-in, told Daily News Egypt on Tuesday.
Rizk revealed that the number of workers has continued to decrease until it reached an all-time low of 500 workers, who blame the investors who own the company and the policies of boards of directors that worked under them.
Following on the social upheaval that captivated the Egyptian social and political movements in the aftermath of the 25 January Revolution, a court ruling was issued in December 2011 to restore the company to the ownership of the government, citing violations in the sale process.
However, despite the ruling being upheld against appeals and despite the cabinet, under former prime minister Hazem Al-Beblawi, issuing an executive decree to restore the company, the decree and the ruling were never applied.
Minister of Investment Ashraf Salman and the Holding Company for Construction and Development (HCCD) are the bodies responsible for applying the ruling and the decree. According to Rizk, the workers hold both accountable.
Prime Minister Sherif Ismail has been meeting with parliament members to discuss a new government programme over the past few weeks. A number of parliament members brought up the issue of NCGC and its workers and he promised to deliver a solution.
"There are workers who haven't been paid salaries for three months. If the prime minister doesn't deliver, we are going for a sit-in," Rizk concluded.

Clic here to read the story from its source.