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Undersecretary of the Ministry of Labor: “65 defaulted national companies have been matched and 3 months’ salaries have been transferred to more than 16,000 workers”

Today, Monday, the Undersecretary of the Ministry of Labor for Planning and Court Affairs, Houssem Al-Mazoughi, stated the latest developments in the disbursement of the salaries of workers in the troubled and withdrawn companies, that 65 troubled national companies have been matched and the salaries of 3 months have been transferred to more than 16,200 thousand workers, and the Minister of Finance, Khaled Al-Mabrouk, is following up on the companies’ file distressed and their financial procedures.

Al-Mazoughi explained that the 286 withdrawn companies have been matched at the level of Libya, with more than 5,000 employees, as the Social Security Fund has been contacted regarding debt settlement.

Al-Mazoughi added, during his statement, that the percentage of workers in all the withdrawn and failing companies who have reached the retirement age is approximately 70%, and that the committee met with the Governor of the Central Bank of Libya, Seddiq Al-Kabeer, in order to accelerate the disbursement of financial allocations to the troubled companies from Chapter Two.

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