Labor minister says about 250 of 1,900 pension-fund managers judged unqualified and being replaced

What happened: The minister of Cooperatives, Labour and Social Welfare said that an evaluation of about 1,900 managers of companies under pension funds found nearly 250 lacking necessary qualifications and they are being moved out of their posts. Sources: Jomaran and TejaratNews.

Details: ▸ The minister said that since Ordibehesht the ministry has begun ranking company managers by education and work history, and ranking the companies by number of employees, assets and sales. ▸ He said people without sufficient managerial experience in small firms should not run medium or large companies. ▸ The evaluation system has been made available to oversight bodies so they can supervise the ministry’s work.