Iran: 40% more layoffs, 90% bankruptcy among privatized factories, regime official says

NCRI – An official in the Iranian regime said on Saturday that there has been a 40 percent jump in the number of layoffs in Iran while 90 percent of privatized companies have gone bankrupt.

According to the state-run Mowj news agency, Ali Dehqan Kia, the director of Tehran province’s Labour Council Association, also said, “About 6 billion dollars worth of goods is smuggled into the country. For every one billion dollars of smuggled goods, 25,000 workers in Iran would be laid off.”