Back to the complete issue
Monday, 5 June 2017

The private sector is now in the crosshairs of the Trade Union Federation

The Egyptian Trade Union Federation is the latest to line up for its chance to milk the private sector, state coffers. ETUF has prepared model legislation that it says will improve pension benefits for private-sector workers, particularly for casual workers who aren’t covered under the current pensions act, including construction workers and truck drivers The federation is presenting its work as a “draft bill” that will soon go to the House of Representatives. While it has no power to table a bill for consideration, its secretary general is Gebaly El Maraghi, who is also the chairman of the House Manpower Committee. ETUF is presenting the bill as a bid to replace the current 1975 law with one that’s “more in line with the past four decades of social and economic changes” and guarantee medical insurance, severance and end-of-service bonuses for workers, MP Mohamed Wahb Allah tells the newspaper. The bill would also mandate annual increases in pension payouts. El Maraghi plans to introduce his bill for consideration by his committee “after the Eid break in early July,” Al Mal says, adding credence to suggestions the house will delay its summer recess to tackle a backlog of legislation.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.