According to labor sources in Ardebil, northern Iran, the Steel Company CEO has been noticed by the state authorities on Tuesday Feb 17 that if the company did not pay salary to its employees, the factory would be released to the Saderat Bank. But despite the official notice, factory employees say there is no hope of receiving any money from the company management and even if the entire management and the CEO was replaced, the factory in on the verge of collapse and cannot pay its employees any money.