Labor and the pace of privatization

Article Abstract:

Attempts to privatize Egyptian government companies have been met with objections from labor groups concerned about mass firings and so the government is using employee buyouts for partial privatization. Egyptian labor is also going to be affected by a Labor Law revision to be presented to the People's Assembly in 1995 which would revise labor law to reflect a more private economy. Among the provisions in the draft include more benefits for women employees, allowances for firings and hirings, a limited right to strike and support for collective bargaining.

Labor organizations, Labor Unions, Labor Unions and Similar Labor Organizations, Management, Laws, regulations and rules

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Current situation

Article Abstract:

The Egyptian economy may benefit from the Persian Gulf War in the long run as a result of debt forgiveness for the country's participation in the coalition. Egypt's foreign debt is being reduced from approximately $50 billion to $25 billion. Egypt's social problems are the result of economic problems, which are caused by the system of government subsidies. The freeing up of wages and prices will cause high inflation in the short run, but may lead to economic improvements in the long run.

Analysis, Economic history

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Egypt moves on privatization

Article Abstract:

Egypt is beginning its next steps in its privatization program. Egypt will sell all of its shares in 271 joint venture companies and 33 part privately-owned public sector companies, which are listed here. Eighteen state-owned banking and insurance companies are exempted from privatization. A new stock exchange law that will aid privatization is being drafted.

Planning

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