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Tighter Sanctions Impact Iran Business Sectors

January 5, 2013 11:00 am 0 comments

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Iran and weapons of mass destruction.

WSJ – A manager of Bam Shargh Isogam, an Iranian manufacturer of insulation sheets for rooftops, saw trouble ahead when a government official offered advice for surviving the crippling international sanctions: Reduce quality and cut back production.

The manufacturer in Delijan, three hours south of Tehran, replaced the high-quality material imported from Europe with domestic material, dismissed more than half its 350 employees, and didn’t pay the remaining workers for four months, managers said.

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