Employees of major Iranian pipeline plant holding protests
Baku, Azerbaijan, May 3
By Umid Niayesh - Trend:
Over 50 employees of an Iranian giant Ahwaz Pipe Mills Company have gathered to stage a protest against the country's oil ministry.
The protesters claim there are $55 million worth of unpaid salary, which hasn't been paid to them, Iranian Fars news agency reported on May 3.
The protestors said that the ministry's officials did not respond to their earlier demands, so they decided to gather against the ministry's central office.
Ahwaz Pipe Mills Company is one of the main commercial enterprises in Iran which produces pipes for water, oil, gas and petrochemical industries.
The company supplies most of its production for the country's oil and gas projects.
Iranian media outlets reported that the company which has 3000 employees is facing serious financial problems, accusing the company's shareholders of neglecting the problems.
Iran's Oil Pension Fund Investment Company (OPIC), Civil Pension Fund Investment Company and Social Security Investment Company (SHASTA) are the shareholders of the Ahwaz Pipe Mills Company.