Misr Cement Qena resumes production as strike action ends

Misr Cement Qena resumes production as strike action ends
02 November 2011


Egypt’s Misr Cement Qena has resumed production at all its factories after employees ended their strike and returned to work, the firm announced in a statement to the stock exchange on Monday.

The statement gave no indication of whether a deal had been reached between management and disgruntled employees.

The cement producer shut all but one of its factories on Sunday in response to a new wave of industrial action by workers demanding higher wages.

Ahmed Imam, an official at Misr Cement, told Reuters the firm was operating a single factory with production capacity of 5400tpd of cement.

On Sunday, Misr Cement announced that its nine-month net profit for 2011 had fallen to EGP263.7m, down 16 per cent from a year earlier. Published under Cement News