ArabFinance: Egypt government will hire a liquidator to Egyptian Iron and Steel Company (EISC) after 3 weeks, Alborsa News cited Public Business Sector Minister Hisham Tawfik in Egyptian Center For Economic Studies' session.
The EISC will compensate its workers of EGP 225,000 per each.
Public Business Sector Ministry’s priority is to compensate the workers within three months, Minister Hisham Tawfik said.
Earlier, Tawfik added the liquidation EISC is a final decision and the Ministry’s priority is to compensate the workers within three months.
ESIC, an affiliated company of the Holding Company for Metallurgical Industries, 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.
