This paper deals with the legal aspects of the privatizatino of government-owned enterprises and comes to the following conclusions:1.The right to work according to Art. 15 of our constitution does not mean an actionable individual right. Neither does it award the employees of the government-owned enterprises with the right not to be laid off or have their salaries cut during the privatization process.2. The meaning and scope of government-owned enterprises according to the "Privitization Act" should be enlarged in order to encompass the enterprises that are within the government agency (the postal services of the Post Office, for example), and the enterprises whose business management and personnel are in the direct or indirect control of government.3. The "Privatization Act" should be revised so as to include the privatization of the operation of government-owned enterprises as one of the modes of privitization.4. The "Privatization Act" also defaulted in neglecting (1) to turn the need to privatization into a statutory action program; (2) to provide employees with incentives to leave government-owned enterprises and start private business; (3) the need to break up big government-owned enterprises before privatization takes place.