Labor Minister signs five raise agreements with private players including Nestle, Coca Cola, and Pepsi

Labor Minister Mohamed Saafan signed five agreements yesterday that will see the likes of Pepsi, Coca Cola, and Nestle pay their employees a 10% hardship raise of EGP 165-330 a month, Al Shorouk reports. The raise, which had been proposed last month under a non-binding initiative between the government and the private sector, will be applied retroactively to July salaries to match the raise that was meant to be paid to state bureaucrats as of last month. Speaking of which, delays in deploying the raise for public sector workers reportedly caused 5,000 workers at the Misr Spinning and Weaving Company in Mahalla to go on strike yesterday, according to Al Mal.