Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Jordan- 'Gov't committed to ending potash company strike'  Join our daily free Newsletter

MENAFN - Jordan Times - 16/05/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fqn_news_story_s.aspx%3fstoryid%3d1093513920 Share This Article: http%3a%2f%2fwww.menafn.com%2fqn_news_story_s.aspx%3fstoryid%3d1093513920 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


Prime Minister Fayez Tarawneh responds to remarks by deputies during Tuesday’s Lower House session (Photo by Hassan Tamimi)
(MENAFN - Jordan Times) Prime Minister Fayez Tarawneh on Tuesday stressed that the government is working intensively to address the issue of Arab Potash Company (APC) workers, who have been on strike for more than two weeks.

Responding to remarks by deputies who called for resolving the issue of the APC workers, Fayez said the government was keen on finding a quick solution to the problem.

During Tuesday's Lower House session, some MPs, including Karak Deputy Mahmoud Neimat, called on the government to immediately intervene and terminate the services of APC's board of directors.

Fayez underlined that the boards of directors of the mining companies would be a top priority for the government once it gains the confidence of the Chamber, citing the importance of the mining industry to the national economy.

These companies constitute a major pillar of the Kingdom's economy, he said, and therefore need to be run by competent and highly qualified directors.

Minister of Labour Atef Odeibat also indicated that the Cabinet had formed a committee comprising the ministers of finance, labour, and industry and trade to follow up on the APC workers' strike.

Odeibat said the committee had held several meetings with the striking employees and the management and had reached an agreement over all the workers' demands except end-of-service compensation.

"Although the end-of-service compensation will cost the APC JD75 million, the committee is still negotiating the matter with the various parties to finally arrive at an agreement to end the open-ended strike," Odeibat said.

In remarks to the Jordan News Agency, Petra, APC General Manager Keith Thornton said the company was committed to implementing the agreement it signed two years ago with the General Union for Workers in Mining Industries, under which APC workers gained several incentives.

The company is also committed to achieving the other "possible" demands of workers provided that they resume their work, he added.

Noting that the workers' strike is "illegal", Thornton said the management was studying the feasibility of meeting their other demands, which will cost the APC JD76 million.

He also warned that successive work stoppages would have negative effects on the country's investment environment and lead to losing international business.

Also during Tuesday's session, MPs continued their deliberations of the draft law governing the projected constitutional court, endorsing several articles of the reform-oriented legislation before the session was adjourned.

The Lower House also issued a statement expressing solidarity with the Palestinian people on the 64th anniversary of the Nakbeh (catastrophe), when Israel was created in 1948.

In the statement, a copy of which was sent to The Jordan Times, the House reiterated its support for the Palestinians in their quest to establish an independent state of their own.

 






  MENA News Headlines
Jun 19 2013World Bank warns global warming woes closing in ,AFP
(MENAFN - AFP) The World Bank on Wednesday warned that severe hardships from global warming could be felt within a generation, with a new study detailing devastating impacts in Africa and ...

Jun 19 2013China firm forays into British yacht, hotel markets ,AFP
(MENAFN - AFP) Chinese conglomerate Wanda Group will invest nearly $1.6 billion to acquire a British yacht maker and build London's tallest residential towers, state media reported Wednesday. The ...

Jun 19 2013Bank of England chief out-voted in swan song meeting ,AFP
(MENAFN - AFP) Bank of England governor Mervyn King called for more easy-money stimulus at his final meeting in June, but was out-voted by fellow policymakers for the fifth month in a row, minutes ...

Jun 19 2013IMF says Spanish recession 'may end soon' ,AFP
(MENAFN - AFP) Spain's biting recession may end soon but the outlook is tough and Madrid must do more to battle the unacceptably high unemployment rate, the IMF warned Wednesday. Spain's economy, ...

Jun 19 2013Leasing firm CIT orders 30 Boeing planes ,AFP
(MENAFN - AFP) Boeing said on Wednesday that US plane leasing firm CIT Aerospace had ordered 30 of its new, medium-haul 737 MAX aircraft in a deal worth $3 billion (2.2 billion euros) at catalogue ...

Jun 19 2013Tobacco enriches, corrupts northern Philippines ,AFP
(MENAFN - AFP) Tobacco enriches and corrupts in the dry, sun-drenched northern Philippines, where family fortunes as well as political empires are built on the golden leaf. For Eddie Habab and the ...

Jun 19 2013Education market in GCC valued at USD60b ,MENAFN
(MENAFN) The executive summary report by Kuwait Financial Centre (Markaz) on GCC education sector estimation shows that USD60 billion is the value of the education market in the GCC. 84% is spent by ...

Jun 19 2013Saudi- IPOs went down 53% in H1, y/y ,MENAFN
(MENAFN) Al-Eqtisadiah business daily said that subscriptions to initial public offerings (IPOs) in the first half of 2013 plunged 53 percent compared, year on year, thus hitting SR 1.2 billion, ...

Jun 19 2013Saudi FDI up 9.8% in 2012, y/y ,MENAFN
(MENAFN) Head of research at Jadwa Investment, Fahad Alturki, said that Saudi foreign direct investment (FDI) into countries in the Arab world increased 9.8 percent in 2012 compared to 2011, reported ...

Jun 19 2013Qatar Diar, gov't in talks of acquiring 70% stake in Salam Yiti ,MENAFN
(MENAFN) Chief Executive Officer of Qatar Diar Real Estate Investment Company (Qatar Diar) said that the company and the Qatari government are looking into acquiring a seventy percent stake in Salam ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help