
GIZA, Egypt, Dec. 19 (UPI) -- Workers in Egyptian cigarette factories are back on the job after a two-day strike ended when the government-backed monopoly met their demands.
Management at Eastern Co., owned by the Government Holding Co. for Food Industries, agreed to pay striking workers bonuses owed them over the last 42 months and pay for meal allowances, al-Masry al-Youm said Wednesday.
Workers staged a mass sit-in in front of the factory in Giza, Egypt, and closed down a street for two days. They credited Investment Minister Osama Saleh for intervening and agreed to work extra shifts to make up for the two-day stoppage.
Profits at Eastern Co. were 165 million Egyptian pounds ($26.7 million) so far this year, up from 121 million Egyptian pounds last year.
|
|
|
|
|
|
| Additional Business News Stories | |
HOUSTON, May 21 (UPI) --
A 95-mile pipeline extension from western Oklahoma and the Texas panhandle will carry as much as 75,000 barrels of oil per day, a pipeline company said.
|
RIO DE JANEIRO, May 20 (UPI) --
Sweden's Saab is upgrading its bid for Brazil's FX-2 jet fighter purchase plan, even as it weighs challenges from rivals Boeing and France's Dassault.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption