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Finance Ministry Orders 33% Staff Cuts Across SOEs After Election Setback

The Finance Ministry has ordered the Privatisation and Corporatisation Board to direct all state-owned enterprises to cut 33 per cent of staff, alongside recruitment reforms emphasizing merit-based hiring. The directive follows election losses for President Mohamed Muizzu's administration, a cabinet reshuffle reducing ministries from 20 to 15, and senior executive departures at several SOEs.

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Sources 1carried it 1 of 19 news outlets we monitor
Figures5as written, with their sentences

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • 33 per cent Staff reduction ordered across state-owned enterprises Maldives Republic The Finance Ministry has ordered the Privatisation and Corporatisation Board (PCB) to direct all state-owned enterprises (SOEs) to cut 33 per cent of their staff

    Word for word from the report in Maldives Republic. Open the report

  • 15 ministries Number of ministries after cabinet reshuffle Maldives Republic reducing the number of ministries from 20 to 15 following the resignation of 10 ministers

    Word for word from the report in Maldives Republic. Open the report

  • 20 ministries Number of ministries before cabinet reshuffle Maldives Republic reducing the number of ministries from 20 to 15 following the resignation of 10 ministers

    Word for word from the report in Maldives Republic. Open the report

  • 10 ministers Ministers who resigned ahead of reshuffle Maldives Republic reducing the number of ministries from 20 to 15 following the resignation of 10 ministers

    Word for word from the report in Maldives Republic. Open the report

  • less than 24 hours Minimum duration some job vacancies were open Maldives Republic In some cases, vacancies were open for less than 24 hours, with hires made without interviews or proper qualification checks, according to accounts shared during the election period.

    Word for word from the report in Maldives Republic. Open the report

Other events named

no clear day, as worded
  • Voters rejected a government-backed proposal to hold parliamentary and presidential elections on the same day Maldives Maldives Republic Voters rejected a government-backed proposal to hold parliamentary and presidential elections on the same day, while the opposition Maldivian Democratic Party (MDP) won all five mayoral races in elections held earlier this month.

    Word for word from the report in Maldives Republic. Open the report

  • Opposition MDP won all five mayoral races earlier this month Maldives Maldives Republic the opposition Maldivian Democratic Party (MDP) won all five mayoral races in elections held earlier this month.

    Word for word from the report in Maldives Republic. Open the report

Named in these reports

alphabetical
Maldivian Democratic Party (MDP)Ministry of FinanceMohamed MuizzuPrivatisation and Corporatisation Board (PCB)