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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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The Minister Of Labor Calls For Submitting A Plan To Save Or Liquidate The Akai Company

rocky
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The Minister Of Labor Calls For Submitting A Plan To Save Or Liquidate The Akai Company Empty The Minister Of Labor Calls For Submitting A Plan To Save Or Liquidate The Akai Company

Post by rocky Wed 12 Jan 2022, 9:51 am

The Minister Of Labor Calls For Submitting A Plan To Save Or Liquidate The Akai Company
01/12/2022
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Earth News/ The Minister of Labor and Social Affairs, Adel Al-Rikabi called, today, Wednesday, to present an urgent plan to save the Akai company from continuing losses or liquidate it.
The minister said while presiding over a meeting of the board of directors of the Akai company for the manufacture of antibiotics and its supplies (a joint stock company), in the presence of the chairman of the company’s board of directors and a number of its members via an electronic circuit, as well as the director general of the Department of Labor and Vocational Training and the assistant director general of the Retirement and Social Security Department, according to a statement by the ministry. It was received by Earth News Agency, that "the ministry had previously set a date for a period of six months to reform the company's situation, especially that there are government ministries that have a shareholding in the company, but they did not achieve any results for a long period and there are many problems related to workers, marketing and production."
He stressed, "to take necessary and quick steps to extricate the company from its position because its continuation in this situation represents an absolute loss," directing the development of "a rescue plan for a maximum period of one month that clearly includes - reducing expenses and the size of employment and increasing revenues, taking into account the option of liquidation in the event of failure to reach Satisfactory results and continued losses.
He directed "to hold accountable all those who offended the company and those responsible for wasting public money, especially with regard to the company's financial management system and the large expenditures that are not commensurate with their counterparts from companies and even in the government sector," stressing the importance of "equal to what is in force in Iraqi laws and in line with the salary system." in state institutions.
It is noteworthy that the Ministry of Labor and Social Affairs has a participation rate of 26% of the funds of the Workers' Pension and Insurance Fund in the Akai company. In addition to shareholders from Jordan, Saudi Arabia and Libya.


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