MUSCAT: Employees working in government owned companies (SOEs) must retire at the age of 60, the Ministry of Finance said in a circular issued on Tuesday.
The circular is based on the decision made by the Council of Ministers that stresses the need to provide employment opportunities to young Omani jobseekers. “With reference to the cabinet decision issued at its meeting (5/2020), regarding regulating the labour market and employment policies in the government companies. Employees over the age of 60 years must retire from State Owned Entities,” the circular said.
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