The Ministry of Labour has said that data of employees affected by distressed businesses, which had pulled out of Libya since 2011 had been transferred to the Financial Settlement Fund of the Ministry of Finance.

According to a statement published by the ministry on Facebook on Monday, the number of those affected amounts to 17,000 workers.

It indicated that 14,000 of them were active in national companies, while 3,000 worked for foreign companies that withdrew from the local market, due to security conditions following the uprising of 2011.

It may be important to note that the number of job seekers in Libya last year amounted to 118,000, according to previous data from the Labour Ministry.

Economy