International | Iran’s mismanaged industries

The sad tale of a textile factory

Clerical politics and bad management

|isfahan

SHORTLY before Iran's 1979 Islamic revolution, the entrepreneurial and philanthropic Hamedanian brothers bequeathed the trusteeship of their conglomerate to the great and good of Isfahan. According to the 1,350 workers at the Bafnaz textile factory, one of its divisions, it was a rotten decision.

This article appeared in the International section of the print edition under the headline “The sad tale of a textile factory”

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