The Ministry of Labor in the Libyan reconciliation government announced that the fate of 120.000 workers has been put at risk due to the repercussions of COVID-19 and the disruption of the economic movement in the country.
The concerns of employers came in conjunction with the crisis to demand the provision of financial support to private sector institutions in accordance with the Libyan laws that allow compensation in case of pandemics and in times of crisis.
Businessman Mohamed bin Shaaban, owner of an import/export clothing company, told The New Arab to end the services of 500 workers due to the suspension of commercial activity, amid accumulated financial losses due to the curfew.
Libyan economy differs from other Arab countries due to the lack of small institutions, their weak capabilities and the absence of any competitive ability, which was confirmed by the Libyan Ministry of Labor during its introduction on the economic situation in the country.
The introduction showed that the private sector represents 6 % only t of the gross domestic product and employs approximately 400.000 workers.
#Libya #Coronavirus #COVID19 #EconomicCrisis #JobLoss #Repercussions
العربية 
English