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Home Business

Committee formed to review financially troubled state companies meets

bySami Zaptia
October 2, 2020
Reading Time: 1 min read
A A

By Sami Zaptia.

(The Tripoli-based Libyan Ministry of Economy).

London, 2 October 2020:

The Committee charged with reviewing financially troubled state companies held its first meeting on Wednesday (30 September) at the Tripoli Economy Ministry’s headquarters to discuss its mechanism, action, and ways to implement its tasks.

The Ministry reported that the Committee would determine these ailing company’s financial and legal status and conduct a stocktake of their employees. It will also decide if some these Qaddafi-era companies will be liquidated.

It will be recalled that thousands of employees of these ailing state companies have been awaiting salary payments for years.

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