03 February, 2009
Crisis hits tourism sector
The local labour office has received around 400 complaints about unpaid salaries and bonuses from workers at Red Sea tourist destinations, as the effect of the global crisis is setting in and many hotels start laying of workers. We'll see more of this, I'm sure. As food prices may slowly be starting to drop from a peak reached in march last year, unemployment and job security is likely to become the main issue for working Egyptians in the coming year.