Publicly owned Egypt Aluminum company has announced increasing workers’ incentives by 15%, in addition to increasing the workers’ meal allowance, effective March 2011, Al-Ahram daily reports.
The new increases, according the Company’s Chairman Sayed Abdul Wahab, are the result of the Company’s increased productivity over the past few months. Further increases in wages are to take place in April and July 2011, he added.
Abdul Wahab denied any connection between the pay hikes and the nation's ongoing protests.
'No protests have been made by the company’s workers' Abdul Wahab said.
Egypt Aluminum is an Egypt-based company engaged in the production and export of aluminum products and by-products.