{"id":59078,"date":"2019-12-06T00:00:00","date_gmt":"2019-12-06T00:00:00","guid":{"rendered":"https:\/\/www.beirut.com\/59078\/60-companies-in-lebanon-submitted-requests-to-lay-off-all-their-employees-this-week"},"modified":"2023-08-30T04:39:03","modified_gmt":"2023-08-30T04:39:03","slug":"60-companies-in-lebanon-submitted-requests-to-lay-off-all-their-employees-this-week","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/59078\/60-companies-in-lebanon-submitted-requests-to-lay-off-all-their-employees-this-week\/","title":{"rendered":"60 Companies In Lebanon Submitted Requests To Lay Off All Their Employees This Week"},"content":{"rendered":"During a televised interview, the Lebanese Minister of Labor in the current caretaker government Camille Abu Suleiman revealed<\/a> that more than 60 companies<\/b> have submitted requests to the Ministry of Labor to lay off all their employees as a result of the current economic situation. The law stipulates that companies can give 1-month notice periods in such cases, wherein they can no longer sustain operations.



The losses for these companies come after years of low growth and a lack of capital flow from abroad. This comes only weeks after the issuing of an alarming statement<\/a> revealing that 265 restaurants, cafes, pubs, and other establishments in that sector have closed down<\/b> over the past two months due to the trying economic situation.

Unfortunately, this crisis affects the micro and the macro as every Lebanese household has faced the devastating strains caused by the current economic climate. If you have been affected by this wave of layoffs, check out some of these activists that are trying to help:

Reply to this tweet with any job opportunities or vacancies you come across. Let\u2019s create a thread for people who have recently lost their jobs and are looking for openings.<\/p>\u2014 Fatima (@fatimalmahmoud) December 4, 2019<\/a><\/blockquote>