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حسام الحملاوي

Egypt and beyond: Shebeen el-Kom strikers denounce privatization - 0 views

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    For the workers, the transfer of the factory to a private investor has been a catastrophe. The stories they told sounded very similar to that of other recently privatized companies like Telemisr or Tanta Linen Co. Since 2007, the new management has refused to pay bonuses worth a total of 10 million pounds, while allegedly paying 6 million pounds cash to about 200 workers that agreed to early retirement. Since it was privatized, the losses of the company has more than tripled - even before the global financial crisis started. Workers accuse the new owner of deliberately sabotaging the factory to eliminate competition, and of buying dysfunctional old machines from his other factories in Pakistan and Indonesia at trumped-up prices as a way to transfer resources abroad
حسام الحملاوي

Egypt and beyond: The Shebeen el-Kom drama continues - 0 views

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    "In any case, it is clear that the strike at Shebeen el-Kom will have huge implications, since it raises doubts around the economic polices of the state, threatening further privatization schemes in the textile industry in particular. Whatever the outcome, the experience of Shebeen el-Kom is likely to further strengthen resistance to privatization among workers in other state owned factories"
حسام الحملاوي

وزير المالية: أطالب بـ«إعادة هيكلة القطاع العام وخصخصة بعض الشركات» | المصري ... - 0 views

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    Morsi's finance minister says "some companies" will be privatized.
حسام الحملاوي

Egypt and beyond: The minister in Shebeen el-Kom - 0 views

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    Aisha abd el-Hady reportedly vowed that no privatized companies would return to the state (as many of the workers demanded during the strike), and said that the government is commited to the sucess of the indian investor
Mohammed Maree

Egypt\n and beyond: Nile Cotton workers: "We are victims of privatization!&amp... - 0 views

  • "We are victims of privatization," one worker called Mustapha told me. "We are not demanding any raise or anything, just our salaries. We are creating a profit, so where is our rights? We are not going to give up. We want to live!"
حسام الحملاوي

بلطجية يهاجمون معتصمي العالمية للسكر بالأسلحة البيضاء والصواعق الكهربائية.. و... - 0 views

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    Once again, we witness private investors hiring armed thugs to suspend labor protests
Mohammed Maree

Egypt\n and beyond: Shebeen al-Kom revisited - 0 views

  • While the Shebeen al-Kom factory is making losses, and Indorama is using this as an excuse to cut back on salaries and incentives, how about the mother company? While the Sheeben factory has reportedly made losses of 69 million Egyptian pounds over the past two years, in August 2008 Indorama commissioned "a brand new state-of-the-art compact yarn spinning plant of 26,000 spindles" in Indonesia, and announced an investment of 4 billion rupees (roughly 400 million Egyptian pounds) in a new manufacturing plant in India. Just a few days ago, it was reported that Indorama is establishing "the world's biggest fertiliser complex within its premises at Eleme, River State [Nigeria] at a cost of $2.5 billion."
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    even if Indorama is making losses in Shebeen al-Kom, we are clearly not talking about a company on the verge of bancruptcy. And the refusal to pay the workers their full bonuses is not a necessary temporary measure, but part of a long term strategy - employed by most post-privatization companies in Egypt - to turn losses into profits by cutting back salaries.
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    A must read posting..
حسام الحملاوي

egyworkers عــمـــال مـــصــــر: إضراب 200 فني من عمال السكك الحديدية في محطة... - 0 views

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    Railway workers stage sit in against privatization...
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