EGYPT MINIMUM WAGE RISE SHOULD NOT HARM CLOTHING SECTOR SAYS INDUSTRY LEADER
June 1st, 2011
BY PAUL COCHRANE
POST-REVOLUTIONARY Egypt is set to increase its minimum wage to US dollars USD117.8 (Egyptian Pounds EGP700) a month, but the move is not expected to hit the competitiveness of the country's garment manufacturing sector.
"The increase will not have a major effect on the industry's competitiveness," said Bassem Sultan, CEO of Alexandria-based Dyetex and honorary treasurer of the International Textile Manufacturers Federation (ITMF). "And there are other factors to consider like bonus incentives, which could be added to the wage ...
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