All firms to become privatized within a year

Article Id :17032119

 “Within a year, assignment of all state-owned firms to the private sector will be executed via resolving some problems like low profitability of a number of these companies despite their substantial assets,” he underlined. Meanwhile, Tayebnia admitted that opposition of some managers and directors of public companies might pose obstacle to the privatization process. 

It is widely believed that if current governmental organizations are privatized they will need to become more efficient. At present many are not profitable due to large numbers of unnecessary employees hired by the government to reduce unemployment. Furthermore, many of these companies are subsidized by oil revenues. True privatization will inevitably lead to many unpopular job cuts and large scale lay offs.