Cached
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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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
Egypt and beyond: Egypt Labour updates - October 15, 2009 - 1 views
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Good job Per!
دراسة حالة -المرصد: إضراب عمال غزل شبين للمطالبة بمكافأة أجر 228 يوم « تضامن - 0 views
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More details on the Ghazl Shebeen workers strike, in a report by the Egyptian Workers and Trade Unions Watch
SHE2I2: 4,400 Workers Still on Strike at the Shebin El Kom Textile Company - 0 views
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Jano blogs the Ghazl Shebeen strike
Al-Masry Al-Youm-Mahalla textile workers mull strike action - 0 views
Egypt\n and beyond: Shebeen al-Kom revisited - 0 views
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Good dig by Per!
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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. -
A must read posting..
Egypt labor strikes point to desperate conditions -- latimes.com - 0 views
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Hundreds of labor strikes have been called since 2006, when textile workers and police clashed in the city of El Mahalla el Kubra.
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Actually no clashes with the police took place during the 2006 Mahalla strike.
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Textile strike in Alexandria إضراب شركة العامرية للغزل والنسيج بالاسكندرية at... - 0 views
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The domino effect...
Ghazl Shebeen, Kafr el-Dawwar Strikes… VICTORY! at 3arabawy - 0 views
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My blog posting from Feb 2007 on the textile strikes in Kafr el-Dawwar and Shebeen el-Koum
Indorama Group - 0 views
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The website of the Indian multinational which owns the Ghazl Shebeen el-Kom Textile plant, which is now witnessing a strike
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