Sunday, August 12, 2012

New Telecom Egypt CEO shocks workers

New Telecom Egypt CEO shocks workers
Anger spread across TE workers, stunned by new appointment of CEO Mohamed El-Nawawy
Hend El-Behary , Sunday 12 Aug 2012
Telecom Egypt (TE) employees hit back at the decision to appoint Mohamed El-Nawawy CEO in the place of Tarek Aboualam, who resigned. The change came into effect 11 August.

Workers were looking forward to new blood entering the company's managment, Mohamed Helmy, president of the Independent Syndicate of Workers in Cairo, told Ahram Online.
“We are shocked by the decree of Okiel Bashier, chairman of TE, to rerun for his post, for three more years, especially as he has been in the post for 12 years,” Helmy added.
“El-Nawawy is an old face. We were hoping for change,” Helmy said.
He added that old faces were responsible for corruption that crippled the state-owned company. Helmy declared that workers would try to hold meetings with the relevant minister to negotiate solid guarantees. Either that or they will be forced to protest.
“We are planning to protest after Eid Al-Fitr, unless our demands come into effect,” said Helmy.
On a separate note, TE approved in its ordinary general meeting held 9 August the additional cost of phase II of the restructuring of the salaries of TE employees, bringing the total annual increase cost to LE243 million (including that of phase I as well as miscellaneous items as part of the salary restructuring) to be added to employees’ gross salaries.

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