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December 18 2011
ARTOC Group Pioneers Implementation of Minimum Wage in Egypt's Private Sector
ARTOC Group for Investment and Development announced that effective 1st January 2012, a minimum wage level of EGP 1,500 net will be implemented, pioneering the minimum wage scheme amongst Egypt's private sector companies.
"2011 has been a very difficult year for Egypt and each and every one of us", stated M. Shafik Gabr, Chairman and Managing Director of ARTOC Group. 'Yet I am always thinking of our staff. Therefore I have decided – even with all the challenges – to proceed with establishing a minimum wage EGP 1,500 net for all employees that do not currently earn this".