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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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    Iraq's losing industrial companies: big burdens and difficult solutions

    Rocky
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    companies - Iraq's losing industrial companies: big burdens and difficult solutions Empty Iraq's losing industrial companies: big burdens and difficult solutions

    Post by Rocky Tue 06 Dec 2022, 6:50 am

    [size=47]Iraq's losing industrial companies: big burdens and difficult solutions[/size]



    Baghdad

    Ahmed Eid


    December 06, 2022
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    The local industry faces many obstacles (Getty)
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    [You must be registered and logged in to see this link.] Ministry of Industry confirms that one company out of 31 public companies producing various industries is able to cover the salaries of its employees, which is the Southern Fertilizer Company, while the government pays the salaries of the employees of the rest of the companies, which number tens of thousands, without there having been any production for these companies for [You must be registered and logged in to see this link.] . Long, after the American invasion of the country, and the destruction that befell it.
    The new Minister of Industry, Khaled Battal, indicated in a lengthy televised interview at the beginning of this week that there are companies that can be developed and promoted within a short period, and other companies have problems related to the number of employees, as one of the companies includes 5 thousand employees, while the actual need does not exceed 2000, That is, 3 thousand employees represent an increase in this company only.

    He stressed that there is continuous work to develop plans and policies related to the nature of the work of these companies and their economic feasibility, in addition to reviewing some companies and projects.
    Battal described some joints in his ministry as more like a social welfare network, and there is a trend towards closing a number of factories, in addition to his ministry's endeavor to develop an action plan in the short, medium and long term to develop and increase production, maximize financial returns, review some companies and industrial projects, and think In their economic feasibility, the development of laboratories and machines with advanced technology, and leaving outdated machines.
    He stressed that out of 31 industrial production companies, only one of them covers the salaries of its employees.
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    [size=12]Arab economy
    [/size]

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    An official in the Iraqi Ministry of Industry told Al-Araby Al-Jadeed that the current challenge is how to deal with employees of factories and companies that stopped working, as they total tens of thousands, and they were of course before the American invasion of productive hands.
    The official, who declined to be named, continued, "There are companies that are completely destroyed and others that need maintenance and product protection. The idea of ​​transferring the employees of these companies to other ministries close to their specialization is on the table, because their dismissal or granting them early retirement is out of the question, and it causes a major social problem."
    For his part, the economic advisor, Samir Al-Nusairi, confirmed that the inability of government industrial companies to cover the salaries of their employees constitutes a burden on the Iraqi economy and the state's general budget.
    Al-Nusairi explained to Al-Araby Al-Jadeed that the production plants of the Iraqi Ministry of Industry are 227 companies, of which 140 production companies have completely stopped working, and the Ministry of Finance is fully responsible for covering the salaries of its employees.
    Al-Nusairi added to Al-Araby Al-Jadeed that all production and industrial companies were fully operational before the invasion of Iraq in 2003, covering their production expenses and covering the salaries of their employees through self-financing, but the period following the invasion of Iraq caused the suspension of a large number of these factories.
    He stressed that the absence of a national vision and full will has left major economic problems, foremost of which is the disruption of industry and production, which requires the preparation of a comprehensive economic feasibility study for the productive sectors to put them back on track.
    He pointed out that the state should work hard to rehabilitate these factories and support their production in partnership with the private sector, which owns its economic tools and policies in managing these companies in order to achieve sustainable development.
    An official in the Iraqi Ministry of Industry told Al-Araby Al-Jadeed that the current challenge is how to deal with employees of factories and companies that have stopped working.

    In the context, the economic researcher, Nabil Al-Ali, confirmed that the companies of the Ministry of Industry constitute great burdens on successive governments, because their annual data indicate their permanent losses without covering production costs.
    Al-Ali told Al-Araby Al-Jadeed that the attempts of previous governments to revive these companies were all unsuccessful, through many factors, including those related to the way these companies are managed, the laws in force, or what is related to partisan quotas in the management of the ministry and companies by partisan parties. and put incompetent characters.
    He added that among the other reasons is the rampant corruption in the joints of the state and its spread in those companies, as well as other reasons related to the efficiency of the employees and workers in those companies, and the extent of their ability to achieve production that competes with imported production, with the absence of state protection for the local product.
    The economic researcher, Ali Awad, believes that the production companies affiliated with the Ministry of Industry constitute a major obstacle to the progress of the Iraqi economy in various aspects, which requires work to ensure that these companies are self-financed through the production processes they offer to the market internally and externally.
    Awwad told Al-Araby Al-Jadeed that the transfer of industrial companies from central financing to self-financing should take place in accordance with the standards and requirements of the current market economy.
    He pointed out that throughout the duration of the economic sanctions that were imposed on Iraq before the invasion, the state budget lacked oil revenues capable of bearing the burden of spending, and the priority of that was limited in particular to meeting the requirements of the basic needs of the population, not industrial development.
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