Algerian trade union leader Abdelmadjid Sidi said that restructuring the country’s collapsing, debt-burdened state-owned enterprises (SOEs) was more urgent than passing a new petroleum law.
Sidi told the Oil Workers Federation that his members were not opposed to an internal restructuring of SONATRACH, the national oil firm, and that he could not see the economic, social or political urgency of the country’s draft petroleum law, Upline Securities reported.
He also warned that the National Unemployment Benefit Fund would soon have to discontinue payments to 200,000 workers who were fired in 1999, and he attributed the imminent cut-off to the fund's dwindling income – Albawaba.com
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