Egyptian employees face 1% coronavirus pay cut

Fri, 22 May 2020 Source: bbc.com

The Egyptian government has announced a raft of financial measures to help pay for the economic damage caused by the Coronavirus pandemic.

Under a new draft law every working Egyptian will face a pay cut of 1% while the elderly will face a half percent cut in their pensions.

The measures will be in force for a year from July. People with a monthly income of less than $125 (£102) will be exempt.

People who work in tourism - which has been particularly badly affected may also be excluded.

Source: bbc.com