Monday 24 January 2022
Books – Youssef Afifi:
Magdy El-Badawy, Vice-President of the Egyptian Trade Union Federation, head of the General Union of Press, Printing and Media Workers, revealed a surprise for workers in the private sector soon, regarding the new minimum wage estimated at 2,700 pounds.
El-Badawy told Masrawy that the Egyptian Workers’ Union and the National Wages Council, as it is responsible for setting the minimum wage for workers in the private sector, will hold a meeting soon to discuss the implementation of the decision to raise the minimum wage to 2,700 pounds for workers in the private sector, similar to the government.
He stressed that the Egyptian Workers’ Union will demand to raise the minimum wage again, after President Abdel Fattah Al-Sisi’s decision to raise it for government workers during the current year, which is scheduled for July 30, 2022, stressing that the law stipulates that the minimum wage is applied at the national level.
Al-Badawy continued: During the coming period, we will hold introductory sessions with the private sector before the session in which the new minimum wage will be approved, because there are many companies from the private sector that have applied the minimum wage estimated at 2,400 pounds, but we will look at the position of the companies that did not apply.
El-Badawy stressed that all Egyptian workers will benefit from the decisions announced by President Sisi, given that those who did not benefit from the increase in the minimum wage will benefit from the existing bonuses, saying: “All Egyptian workers will benefit.”
He pointed out that the number of companies that submitted a request to be temporarily excluded from the application is about 3,090 companies, and 22 sectors have 2,855 companies, on top of them (tourism, ready-made clothes, security and guards).
Last Tuesday, President Abdel-Fattah El-Sisi met with Prime Minister Mostafa Madbouly, Minister of Finance Mohamed Maait, Ahmed Kajouk, Deputy Minister of Finance for Financial Policies, and Dr. Ihab Abu Eish, Deputy Minister of Finance for the Public Treasury.
Ambassador Bassam Radi, official spokesman for the Presidency of the Republic, stated that the meeting dealt with “a review of the draft budget for the next fiscal year 2022-2023.”
In this regard, the President directed the following:
1- Raising the minimum wage to 2,700 pounds.
2- Approval of two bonuses at a cost of about 8 billion pounds. The first is a periodic bonus for employees addressed by the civil service law at 7% of the job wage, and the second is a special bonus for workers not addressed by the civil service law at 13% of the basic salary.
3- Increasing the additional incentive for both those addressed by the civil service law, at a total cost of about 18 billion pounds.
Urgent presidential directive to increase the minimum wage by 300 pounds
2700 minimum and two bonuses for employees.. New directives from Sisi regarding salaries