Egypt's economy: Reining in inflation    US, Russia say cannot support a UN call for Libya truce: Diplomats    Mauro Colombo's Tierra Adentro wins Yellow Robin award    Cannes prepares 60th anniversary of Marché du Film    Egyptians abroad vote in constitution referendum    Congress mulls next steps after release of Mueller report    Russia shrugs off Mueller report: agencies    Tennis: Nadal, Djokovic ease into Monte Carlo quarter-finals    Emery unsure if injured Ramsey will play for Arsenal again    Liverpool match Barcelona's ticket price to subsidise own fans    Trump forces Brussels' hand on trade despite tariffs backlash    Tobruk Parliament calls on UN Security Council to stop Qatari, Turkish intervention    For its 10th time: L'Oréal Group recognised as one of world's most ethical companies    Public Enterprise Sector companies' net profit up by 52% to EGP 11.3bn in FY 2017/18    Egyptian community in US will be voting "yes" on constitutional amendments    Uber adds new feature for female drivers to drive only women in Saudi Arabia    Two Egyptian females win 2019 Pulitzer Prize for International Reporting    Beyond chocolate: The egg in art and design    No days off during constitutional amendments referendum: Cabinet    Investing in people helps to share in benefits of economic growth, technological progress    Made in Germany, heard in Spain: The Leon cathedral organ connection    Egypt's Mufti urges citizens to take part in referendum on constitutional amendments    Egypt's FM orders preparations be completed ahead of overseas referendum    Egypt's Sisi pardons prisoners on Sinai Liberation Day    Moody's upgrades Egypt's rating to B2, expects more economic growth    At least 29 killed in Madeira when tourist bus veers off the road    Expected exit    Spectacular scene, favourable draw    Reining in inflation    The economic way ahead    Sudanese demand ‘legitimate change'    Caught in the middle?    What next for Libya?    Escaping expenses    ‘I don't want sympathy'    Pasta vegetable salad    Towards the referendum    The final draft    Flight prices go sky high    Bundeli Kala Parishad troupe's Indian folk dance show at Al-Gumhouriya Theatre is a must go    Paris' Notre Dame    Screen blues    Parliament approves constitutional amendments allowing Al-Sisi extra term till 2030    Vatican willing to offer technical know-how to help restore Notre-Dame    Al-Azhar condemns racist chants against Liverpool's Mohamed Salah    Mentally frail Borussia Dortmund relying on individual brilliance    German Football Ambassador 2019: Klopp, Kroos, Podolski on the list    In the company of the philosopher Roshdi Rashed in Paris    







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.