In an interview with Al-Masry Al-Youm, Hussein Abul Dahab, president of the Steam Generator Company’s trade union, said the company needs LE500 million to be able to run again
Q: Did the government receive all the company's assets after its privatization was annulled?
A: Yes, it received the 33 acres and the Nile marina. But the equipment and the machinery had been bought by an investor, different froom the original one.
Q: What’s next?
A: The holding company will meet with the union to reinstate the 193 workers that were seconded to other companies.
Q: What about the workers who were forced into early retirement but the court ordered their reinstatement?
A: They will be reinstated with temporary contracts.
Q: Are there differences as to how the company should restart?
A: Some say it needs LE2 billion to run again, others say it needs only LE500 million.
Q: What will the holding company do?
A: It should take all of the the machines back.
Q: Why did all this take so long?
A: The process was long due to the specific interpretation of the court order, but now the holding company is in control of the situation.
Edited translation from Al-Masry Al-Youm
