ArabFinance: The Egyptian Iron and Steel (EISC) will compensate its workers of EGP 225,000 per each, according to the cabinet Facebook page.
This decision comes following the Minister of Public Business Sector Hisham Tawfik said that EISC’s liquidation is a final decision. In addition, the liquidation ratification by EISC’s general assembly on January 11th.
The listed company suffered a net loss after tax of EGP 274.48 million during the 3 months period between July and September.
Egyptian Iron and Steel, an affiliated company of HCMI, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.
