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Arab Polvara Spinning & Weaving temporarily shut
12
Oct '11
The ongoing row between the management and workers at Alexandria, Egypt-based, Arab Polvara Spinning and Weaving Company (UNIRAB) has led to a temporary shut down of the company.

The workers at the factory have resorted to strike since October 2 demanding increase in salaries and nationalization of the company.

Following the workers strike, the company's management announced a temporary shutdown of its factories till October 13. The company said the closure decision was taken due to continuation of strike by workers, in spite of the company's efforts to fulfil their demands.

There are over 4,300 workers employed in these factories. It is the third time that the firm's workers have resorted to protests since ex-President Hosni Mubarak's ouster in February this year.

During the previous protests, the workers particularly stressed on nine changes, which they said are essential to improve their working conditions. However, the latest strike launched on October 2 emphasized on only two issues – one related to salary hike and other one being re-nationalization of the firm.

The company has forewarned that if the protest goes on, it may prolong the closure, however, the workers seem to be firm on their demands.

Presently, 80 percent of the company's stakes are held by private investors, while 17.5 percent share is with the Government-owned Holding Company for Spinning and Textile and the rest are owned by the workers.

Engaged in the field of textile manufacturing and yarn weaving, UNIRAB specializes in manufacturing, marketing and trading of cotton yarn, wool yarn, silk and linen fabrics, synthetic fibres, and other types of coloured textiles and polyester sewing threads.

Fibre2fashion News Desk - India


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