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Iranian pipeline company shuts down due to debts

1 November 2012 17:07 (UTC+04:00)
Iranian pipeline company shuts down due to debts

A pipeline manufacturing company in Khuzestan, Iran, has closed due to debt, leaving some 50 laborers with many problems, ILNA reported.

The company was shut down two years ago. The laborers have not been paid since then, although the government pledged 100 billion rials in loans to the company to resume operations.

The laborers have been working for 15-23 years in the company. They are going to the company everyday, but stay there without doing any work.

That had been planed to be dispatched to similar companies, but no such measure has been taken yet.

Laborers of the company have gathered several times in protest at the situation in front of the governorate general office. The situation worsened in 2002 as the company was transferred to the private sector.

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