Recently, “Ghazal Kafr El Dawar" is witnessing a big crisis caused by the inability of the administration to pay the installments of workers' loans amounting to 4 million and 900 thousand pounds for 4 months. This led Misr Bank subsidiary to send warnings to 3465 workers ordering them either to pay or get imprisoned.
The workers discovered the crisis when they went to get release documentation from Misr Bank that proves the repay of the loans they had obtained by guaranteeing the job.
The company used to deduct the value of the installment from the salaries of borrower workers over the previous years, but they were surprised by the bank employee telling them that the company delayed the payment to 4 months. After research, it was clear that the company did not pay the installments of the loan to 3456 workers at the company, which prompted the bank to send warnings to workers to pay the value of the loan and threatened to refer them to the Public Prosecutor's Office, which would imprison them on charges of the delay in the payment of the bank loan.
Some administrative sources said that the company procrastinates to pay the installments of loans for workers, since last March, a total value of 700 thousand pounds, and a million and 200 thousand pounds each month were deducted from the salaries of workers monthly ranging between 200 pounds to 800 pounds. After the halt in the company’s production the factories worked only by 15%.
Sources added that the management of the company was also delayed in paying workers’ salaries for 9 consecutive days, which prompted them to protest in front of the administration building to ask for the payment of their salaries.
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