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Egypt - Potential Mismanagement in poultry industry in Ismailia

sharon sanders

Editor-in-Chief & President
machine translation -

Communication accused of "national" to facilitate the division of Ismailia Misr Poultry
Wednesday, June 22, 2011 - 20:59

File photo
Ismailia _ Jamal forestry

Made today, Wednesday, trade union Abdul-Aziz Abdul-Jawad filed a complaint to the Attorney General in Ismailia, which included 121 and paper, a set of documents, confirms many of the violations committed by the current management of the company Ismailia of poultry, including the division of the company into two companies, one for poultry farming and feed manufacturing and the other for investment properties violation of the decision to establish the company. revealed Abdel Gawad the intervention of the Policy Committee National Party dissolved in facilitating the establishment of the second company and competent to sell land and real estate investments, and said he had been instructed directly create a new company and set terms for the sale. She leaves, that the company has a displacement of 700 workers of the total 1600 workers and the demolition of 7 stations for poultry, was produced poultry, including a 50 million pounds a year, in addition to selling the company in 2008, the cheap rate of 70 pounds per share, which rose after one month of sales to 218 pounds and reached the value of land and assets, vehicles and equipment of 423 million pounds, The value of the land is only a 4011 acres more than 800 million pounds at the very least, demanding the return of land to preserve and investigate the sale of the entire transaction and the return of laid-off workers and give them their rights in full.

http://www.youm7.com/News.asp?NewsID=440642&SecID=296&IssueID=168
 
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