Up to 45 percent of the construction workforce in the UAE could be laid off, with thousands already having lost their jobs, a report says.
Khalfan Al-Kaabi, a member of the board of directors at Abu Dhabi Chamber of Commerce was quoted by The Khaleej Times as saying that the job cuts would occur in the New Year if private sector projects in the UAE are delayed or cancelled.
Al-Shafar General Contracting said a few days ago it was laying off up to 1,000 workers as its order book has dropped by three billion dirhams (817 million dollars) since September.
Emaar, the other local property giant, said recently that it was revising its recruitment strategy and reportedly laid off 100 workers last month.
Omniyat has shed 69 jobs out a 350-strong workforce and Tameer has reportedly notified 180 employees that December 31 will be their last working day.
UK bank Barclays to cut 2,100 jobs due to downturn
5 minutes ago
Barclays PLC will cut 2,100 jobs in its investment banking, fund management and private banking units in response to the global economic downturn, according to a person knowledgeable about the decision. “We have begun a process of reduction in head count across some parts of our investment banking and investment management businesses to ensure we are appropriately sized given the current market conditions,” said Simon Eaton, a spokesman for Barclays
قالت شركة “الدار ليانج” المملوكة مناصفة بين شركة الدار العقارية وشركة الإنشاءات البريطانية “ليانج” أنها سرحت أكثر من 200 موظف ، وعزا مسئول بالشركة ذلك إلى توقعات الشركة بانخفاض مستويات النمو المستقبلي للمشاريع.
بدات معظم شركات الوساطة المالية بتسريح الموظفين وذلك ابتداء باغلاق فروعها سواء في العين وابوظبي ودبي حيث اغلقت عدة فروع لشركات في السوق المالي في العين وسيشهد هذا الشهر تسريحات لاعداد كبيرة بعد الاعلان عن النتائج المالية للشركات نهاية هذا الشهر
6 شركات مالية سعودية تدرس الاندماج وعدد آخر يفكر في التصفية والخروج من السوق.
Up to 45 percent of the construction workforce in the UAE could be laid off, with thousands already having lost their jobs, a report says.
Khalfan Al-Kaabi, a member of the board of directors at Abu Dhabi Chamber of Commerce was quoted by The Khaleej Times as saying that the job cuts would occur in the New Year if private sector projects in the UAE are delayed or cancelled.
Al-Shafar General Contracting said a few days ago it was laying off up to 1,000 workers as its order book has dropped by three billion dirhams (817 million dollars) since September.
Emaar, the other local property giant, said recently that it was revising its recruitment strategy and reportedly laid off 100 workers last month.
Omniyat has shed 69 jobs out a 350-strong workforce and Tameer has reportedly notified 180 employees that December 31 will be their last working day.
UK bank Barclays to cut 2,100 jobs due to downturn
5 minutes ago
Barclays PLC will cut 2,100 jobs in its investment banking, fund management and private banking units in response to the global economic downturn, according to a person knowledgeable about the decision. “We have begun a process of reduction in head count across some parts of our investment banking and investment management businesses to ensure we are appropriately sized given the current market conditions,” said Simon Eaton, a spokesman for Barclays
قالت شركة “الدار ليانج” المملوكة مناصفة بين شركة الدار العقارية وشركة الإنشاءات البريطانية “ليانج” أنها سرحت أكثر من 200 موظف ، وعزا مسئول بالشركة ذلك إلى توقعات الشركة بانخفاض مستويات النمو المستقبلي للمشاريع.
بدات معظم شركات الوساطة المالية بتسريح الموظفين وذلك ابتداء باغلاق فروعها سواء في العين وابوظبي ودبي حيث اغلقت عدة فروع لشركات في السوق المالي في العين وسيشهد هذا الشهر تسريحات لاعداد كبيرة بعد الاعلان عن النتائج المالية للشركات نهاية هذا الشهر
6 شركات مالية سعودية تدرس الاندماج وعدد آخر يفكر في التصفية والخروج من السوق.
المصدر جريدة القبس الكويتيه.