|09 April, 2020

Universal Group raises workers' salaries amid COVID-19 crisis

The company continues to inject new investments as part of its expansion plans

An employee carries money at an exchange office in downtown Cairo June 5, 2014.

An employee carries money at an exchange office in downtown Cairo June 5, 2014.

REUTERS/Amr Abdallah Dalsh
ArabFinance: Universal Home Appliances Group expressed its constant support to its employees, as well as its deep gratitude for their contribution to the company’s success over the past 36 years, according to a press release.

For his part, Dr. Yousry Qotb, Chairman of Universal Group, stated that: “Workers are our partners in success; we must support them and relieve the heavy burden they are carrying during these tough times. We will stand by them and we will not be reducing their salaries.”

Dr. Qotb also praised President Abdel Fattah el-Sisi's recent statement where he stressed the need to preserve workers' rights and not to compromise them under any circumstances.

He added: “We are committed to our workers and will not abandon them. Our Group will always stand by its employees, whose count has now reached approximately 10,000 engineers, technicians, employees and workers. We will not reduce their salaries or lay any of them off during such circumstances."

Additionally, Dr. Yousry Qotb commented: "In March, when the outbreak of coronavirus crisis started, the Management of Universal Group decided to increase the salaries of workers, which has positively impacted their living standards during such difficult times. We have no doubt that Egypt will pass this ordeal triumphantly.”

He also stressed the Management’s commitment to all the company’s workers, noting that the group believes that behind every successful institution is an army of loyal and competent workers. Dr. Qotb further added that all successful entrepreneurs must know that they would not have made it on their own if it was not for the diligent work of all the employees in their companies.

On another note, Universal Group announced its support and participation in the “White Army” initiative, in recognition of the great role doctors and nurses are playing in quarantine hospitals all across Egypt to fight the spread of coronavirus.

The initiative also aims at appreciating all the special procedures and measures taken by doctors, nurses and health providers to cure patients infected with COVID-19. In light of this initiative, Universal has allocated discount vouchers for doctors and nursing staff, granting them a special discount on the Group's products.

It is also worth noting that Universal Group is one of the national companies that was founded with a capital of 1 billion pounds and invests more than 6 billion pounds in the Egyptian market, since its inception in 1984.

The company continues to inject new investments as part of its expansion plans and it exports its products to more than 80 countries worldwide as well. Universal also owns a distribution network in various countries, most notably: "Australia, Senegal, England, Italy and Russia". This is one of the reasons why its products are being used in about 10 million homes around the world.

Universal is one of the largest home appliance brands in the Arab countries such as, Saudi Arabia, Algeria and Morocco. It also holds a prominent spot in the markets of Russia, Australia as well as African countries, especially Egypt, which absorbs approximately 50% of its product, while the rest of its production is exported to foreign markets.

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