CAIRO, Aug 21 (Aswat Masriya) - Around 2,000 workers of the Misr-Iran textiles company went on strike on Thursday, halting production at the company's six plants.

"Workers were supposed to receive profits and delayed raises in June, but it was postponed by the manager who promised payment in September," a labour leader told Aswat Masriya. 

The leader, who requested anonymity, said that although the company has experienced soaring profits due to its high exports, it is indebted to banks and insurance companies.

"The academic year is about to commence, and we were relying on our delayed payments to cover our children's school expenses," one of the striking workers said.

The administration of the company has  also refrained from transporting labourers to the plants, according to the workers.