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the sacking bag update..


uaekid ok lets keep it up to dated.. I'm not sure those are offical numbers or not . nakheel 2000 not updated jumpo 500 updated Al Shafar General Contracting Co 2000-3000 dubai holding 400 arabtc 5000 WS Atkins, a leading British engineering consultancy firm, have laid off 170 professionals, bringing the total number of redundancies in Dubai to well over 3,200 rak bank 400 *in overall 1500 a day X30 days =45000 lets say this started 5 months ago 45000X5=225000 did I do this right? keeeep it updated for smoggie & arniegang :)
rudeboy i hope it keeps on continuing. less traffic and less indians too :D macjul Kid, you seems to have access to good information to get those numbers. I would start 3 months back, like October, but nevertheless a huge number, if those are correct. yes guys, not only less traffic, but goods and services will be more competitive. ArchitectRoel
I think the Immigration has the real number uaekid
like they'll will ever announce it :!: michaeldubai
very highy possible that it is true - although you cant assume the same rate every month. layoffs built up from sept onwards and peaked in Dec./Jan.
only the big companies make it to the news..... wishmaster [color=red] Last week Mashreq Bank sack 700 and Al Futtaim sack 1000. [/color] sage & onion
Where do these numbers come from? wishmaster
[color=red]One of my friend got fired from Mashreq Bank SME section.
One of my friend is Manager in Al futtaim and she just got this list last week[/color] sage & onion
Thanks

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arniegang The figure for DH is actually 800. And dont forget these figures are only what is published and obviously censored in the papers. Personally i would totally ignore what we read in the papers and at least treble it. What we dont hear about is the acumlative numbers of small business's, shop workers. labourers etc that propably total more than even the headline figures. zzzane Too many companies are absent from uaekid's list: Better Homes, 50 staff, November 2008 (word is that that 200+ jobs were chopped) Aldar, 200 jobs Damac Properties, 200 jobs, November 2008 Omniyat, 100 jobs? November 2008 Sama Dubai, considering job cuts Shuaa Capital layoffs, 21 staff, December 2008 Tameer Holding, 180 staff, December 2008? Arabtec, 150 jobs at Meydan, another 5000 jobs in Dec. 2008 Emaar Properties (EMAAR), 45 or 600 staff (unconfirmed) Morgan Stanley (15% of stuff let go) Goldman Sachs (10% cut) First Gulf Bank (FGB) 30 jobs & First Gulf Marketing several dozen jobs, according to "people familiar with the situation" National Bank of Fujairah (NBF), 40 jobs ENBD, 2000 jobs arniegang thanks zzane your list put my point in perspective - thanks. Sadly your list is still the tip of the iceburg i feel. zzzane Yep, there's a lot more to it and I don't see the situation improving anytime soon. Thankfully, we are weathering the storm right now. Anyhow, here's another stat to add to the ever increasing pile: Burt Hill, 111 employees laid off gtmash My Indian buddy from Lamprell at JAFZA just got an "extended holiday" for a month, due to lack of clients. He says 30 Brits in management got fired. sage & onion
Now that is serious because Lamprell is Oil Field related gtmash
The extended holiday is unpaid, by the way. maximusprime
I know a guy who knows a guy there, What a messed up situation that is! Bora Bora It seems that the only redundencies that are acknowledged are the management and administration. Not much mention about the number of labours being laid off, which has to be in the thousands with developments being put on hold or cancelled, but we don't read or hear about those poor souls. And when they go back many face having to pay loans back that they had taken to get to Dubai. In addition, a lot of hotel staff have been put on two months leave without pay, not knowing if they will have a job at the end of that period.
sage & onion
You better believe that this situation is just starting to unfold. Bora Bora From another forum: there seems to be a small group of people who visit those who have been jailed for absconding - leaving behind debts (personal loans, cars, probably property as well). And I'm not talking about laborers! Lots of money being withdrawn/transferred from local bank accounts. It seems alot of people are doing so in anticipation of being one of those to be made redundant. sage & onion
What exactly are this small group of people doing when they visit the people in Jail? Dubai Knight Monarch hotel: 120 layoffs How many other hotel groups are shedding staff in the light of the falling tourist numbers? :( :( :( Knight Bora Bora I would guess absolutely nothing since there isn't very much they can do! sage & onion
And Monarch Hotel is not exactly one of the better known Hotels, so you have to wonder. Bora Bora
Jumeriah Group is putting staff on two months without pay. Obviously no guarantee there will be a job when the two months is up.
Monarch - beautiful property, badly managed. Nobody from the executive level has been sacked. arniegang Jumeira Beach Hotel 25% off all food and beverage until the end of Feb Get down to the Dhow and Anchor peeps :lol: sage & onion
Place is almost empty, was down there on Wednesday during the day. arniegang good, this means no more queues for an outside smoking table :D DPS i was at my developers' office (yes i am still holding on to my property...waht a sucker!!) The guy there told me that about 3000 heads from their contractors' staff had got knocked off. Not surprising given that a lot of the contracting firms are out of work. K-Dog What about Amlak's board meeting yesterday. Any news? sage & onion
Your link does not work DubaiInformationSite siemens down 200, al tara down 100, smaller companies but still worth adding to your list to show the cummulative effect. every bit counts zzzane From what I've heard, Du Telecom is laying off all its temporary staff and contractors. Permanent staff haven't been touched yet but they're reportedly next in the firing line. uaekid their services is bad as it is ! oh god zzzane Etisalat isn't much better you know. zzzane Yet another stat that I just read somewhere: DAMAC: 150 people this week Nakheel: 500 by the end of the week as part of a restructure Anyone out here from either company who could confirm this bit of info? P.S.: uaekid, I thought you were keeping the OP updated with the latest info? K-Dog Where did you read about Nakheel? They are doing a few at a time, they don't want it to be in the media if they do all at once. uaekid
will do tonit zzzane Confirmed news from DAMnAC:
***
A solemn procession of salesmen and women filed out of Damac offices on Tuesday, holding in their hands letters which told them their services had been terminated.
Many were lingering outside the Tecom branch of the real estate giant until 6pm, smoking cigarettes in shaky hands as they mulled over their sudden loss of jobs.
“We were told this afternoon that we would be made redundant,” said one former employee, who declined to give a name for fear it may impact his ability to change jobs.
“Business has been down for a long time and they mostly cut people from the sales staff.
“They promised us there wouldn’t be any major job cuts after the layoffs in October, but there have been hundreds laid off since then from all the different offices in Dubai.” Between 45 and 50 employees were laid off on Tuesday
***
@KDog:
It's unconfirmed at the moment. I'll post more info once I get my hands on a credible source. nazzom
what prblm do u hav with Indians????????? huh rude boy
:twisted: rudeboy
they are everywhere. hope that makes u happy :D RobbyG
Before you start whopping around. Please introduce yourself at the appropriate location.
If everybody comes here screaming and shouting, we'll all get tired of you newbies feeling attacked or whatever reason... nazzom
that makes a beautiful entry is'nt it?? ArchitectRoel Oh God!...I'm Sick of this!!!!!!!!!!!! zzzane Who isn't? RobbyG
Didn't your mother tell you to be nice when the butcher used to give you a piece o' meat?
Goddamn youngsters...no manners whatsoever nowadays :x nazzom
Could u tell me wats wrng in my post.... RobbyG
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