The New Labor Law was published in the Egyptian Official Gazette on May 3 and will take effect on Sept. 1.
The New Labor Law successfully balances the interests of both employers and employees. Overall, several objectives have been achieved with the introduction of this law.
Firstly, it incorporates modern concepts, such as remote working, job sharing, flexible work arrangements, part-time employment, equal pay for women, one-day paternity leave, protection against harassment and bullying in the workplace, and the use of electronic systems in the workplace.
Secondly, it improves the balance between the rights and obligations of employers and employees, addressing some of the former law’s shortcomings and bringing certainty and clarity without severely shifting well-established concepts.
Thirdly, it aligns some of the provisions of the New Labor Law with other related laws, such as the Pensions and Social Insurance Law and the Child Law, ensuring consistency.
Despite speculation in the press over the past five years and previously circulated drafts of the legislation, employers can continue to renew definite/fixed-term employment agreements for subsequent terms without restriction (i.e., no limit on the number of years of renewal). However, the New Labor Law introduces an end-of-service compensation (of one month per year of service) if a definite-term employment agreement that has been renewed for more than five years is terminated.
The notice...
Chinese memory chipmaker YMTC has sued Micron Technology in federal court in Washington, accusing its U.S. rival of spreading false claims that YMTC's chips threaten U.S. national security. YMTC in...