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Electrical appliance market faces price cuts
The electrical appliances market has experienced a significant decline in sales, exceeding 60%, as a result of severe economic pressures on manufacturers. This has led some companies to reduce temporary employment or lay off some workers. The head of the Electrical Appliances Division at the Giza Chamber of Commerce confirmed that dismissing workers is very difficult and has repercussions for families. Expectations are high that major companies will announce discounts to boost sales during the Black Friday holiday season in November. The government is mediating between workers and factory owners to contain the crisis and maintain stability in the sector.
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