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    Libya

    The Libyan government is to lay off 400,000 people - more than a third of its workforce - to ease public spending and stimulate the private sector. Prime Minister Baghdadi Mahmudi told parliament the number of civil servants had become excessive. He said redundant staff would receive three years’ salary or a loan to start their own business. (BBC) …

    By GDB Newsletter // 25 January 2007

    The Libyan government is to lay off 400,000 people - more than a third of its workforce - to ease public spending and stimulate the private sector. Prime Minister Baghdadi Mahmudi told parliament the number of civil servants had become excessive. He said redundant staff would receive three years’ salary or a loan to start their own business. (BBC)

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