Home NEWS IRAN NEWS Semnan, Iran – Closure of Rangin Nakh Thread Company

Semnan, Iran – Closure of Rangin Nakh Thread Company

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Semnan, Iran – Closure of Rangin Nakh Thread Company

Rengin-Nakh Thread Company was forced to shut down on Saturday April 18th, 2015, after it was unable to pay its gas and electric bills. Company employees were also was sent home for mandatory furlough.
This company has laid off a great number of its employees under the pretext of regulations, but indeed it was in result of financial bankruptcy, and many of the labors who were laid off have not been paid their salaries and bonuses before being let go.