President Dr. Mohamed Muizzu has stated that employees will be further reduced as state-owned companies are merged.

Speaking at a press conference held at the President's Office today, the President stated that changes are being implemented to deliver infrastructure work through a more efficient system.

He highlighted that merging RDC with MTCC and increasing the government's stake in MTCC will directly benefit the public, confirming that both initiatives will move forward.

"Achieving this efficiency will also allow us to rightsize our workforce, ensuring companies retain only the required number of employees. Excess staff will be reduced through this process, and employee numbers will be further downsized across merged entities," the President said.

The President explained that as STELCO and MWSC are brought into this process, Fenaka merges with STELCO, and RDC combines with MTCC, total headcount will decline to optimize operational efficiency. He noted that these structural reforms are designed to transform state-owned enterprises into lean, efficient, and well-managed organizations.