• 20:36
  • Monday ,18 November 2013
العربية

Banks and business sector except from maximum wage law

By-Cairopost

Home News

00:11

Monday ,18 November 2013

Banks and business sector except from maximum wage law

CAIRO:  The interim government’s decision to except banks, economic organizations, and public sector businesses from maximum wage restrictions has attracted criticism from a number of political movements.

The law adopted by the Beblawy government decision sets a maximum monthly salary of 42,000 EGP (approximately  U.S. $6000) starting from next January.
 
Ahmed Bahaa Eddin Shaaban, general coordinator of the National Movement for Change, said that excluding banks, economic organizations and public sector business companies from this law “defies the principle of equality and social justice among citizens. If this law is issued in this form, it will disappear like the protest law.”
 
Shaaban said that the government seeks in the last period to issue laws that satisfy the people “without achieving the essence of social justice that the Egyptians demanded in two consecutive revolutions.”
 
Shaaban clarified that this exclusion follows a bureaucratic pattern, and excludes major state officials from law. “This is unacceptable and the people will not allow anybody to squeeze them out again after it participated in two revolutions demanding bread and social justice,” he said.