The rules for the workers are very strict and they have not had any weekends off for months. According to the mullahs' regime own labor laws workers on night shifts should receive 22 percent pay hike, albeit currently the extra pay is only 12 percent.
The rules for the workers are very strict and they have not had any weekends off for months. According to the mullahs' regime own labor laws workers on night shifts should receive 22 percent pay hike, albeit currently the extra pay is only 12 percent.
All day long yesterday, the automakers' security forces made sure that their presence are felt at the assembly lines. However, the workers did not give in to the management demand and stay out.
With $7.2bn annual revenues for fiscal year 2005; the company refuses to pay its 70,000 workers their monthly salaries on time.
IKCO or Iran Khodro Company (or Iran Khodro Industrial Group) is a major Iranian industrial manufacturer; khodro means "automobile" in Persian. The company manufactures cars for the domestic and export markets. Founded in 1962 by two brothers, Ahmad and Mahmoud Khayami, Iran Khodro was originally called "Iran National" before the 1979 revolution.
Iran Khodro is the largest automotive producer in the Middle East, Central Asia and North Africa regions, with an annual production of around 1,000,000 various vehicles including cars (550,000 unit), buses, trucks and pick-ups. This figure also places it as the 20th biggest automotive producer globally.