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real estate job losses in Dubai

real estate job losses in Dubai

Old Dec 10th 2008, 6:05 am
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Default real estate job losses in Dubai

http://www.7days.ae/storydetails.php...at%20developer

The source said that some members of staff had refused to resign on principle and wanted to be given a proper reason for their dismissal.
“They gave us two options. They gave us a resignation letter and a termination letter. They said that if you choose the termination letter you would not get a recommendation. They did not want to say: ‘You are being made redundant
just read the article above - more devasting news for expats following nakheel and emaar job losses. if the article is correct - more worrying is the refual to issue NOC's -surely a govt dept could not have such a policy ?
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Old Dec 10th 2008, 6:33 am
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Default Re: real estate job losses in Dubai

who knows... they're not used to dealing with making redundancies and in a warped way, doing so could admit they were wrong in some way... depends if they want to admit failure, I suppose.

Depressing stuff.
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Old Dec 10th 2008, 5:43 pm
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Default Re: real estate job losses in Dubai

there was a good article in the National in the last week regarding what employees can expect if they are made redundant - plenty of companies I know have been trying not to honour things such as flights home and annual leave entitlement
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Old Dec 10th 2008, 6:02 pm
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Default Re: real estate job losses in Dubai

Originally Posted by Slingshot View Post
there was a good article in the National in the last week regarding what employees can expect if they are made redundant - plenty of companies I know have been trying not to honour things such as flights home and annual leave entitlement
Hey - any chance of a link to this article? Thanks....
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Old Dec 10th 2008, 6:23 pm
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Default Re: real estate job losses in Dubai

Originally Posted by Foxes View Post
http://www.7days.ae/storydetails.php...at%20developer



just read the article above - more devasting news for expats following nakheel and emaar job losses. if the article is correct - more worrying is the refual to issue NOC's -surely a govt dept could not have such a policy ?
That's wierd! Just turned off the TV here in Holland and they where actually showing an interview with one of the employee's that lost her job. Good PR for the UAE if I quote her last comment "This country is a f**king joke! I wonder when Steven Spielberg is going to use it in a movie. If this happened anywhere else in the civilized world, and employer would go to jail for a stunt like this one..." end quote
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Old Dec 10th 2008, 6:32 pm
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Default Re: real estate job losses in Dubai

Originally Posted by Autonomy View Post
Hey - any chance of a link to this article? Thanks....

Not Slingshot's referenced article but a few which make interesting reading-well I think so anyways:

http://gulfnews.com/articles/08/11/30/10263734.html


http://www.thenational.ae/article/20...515084840/1137


http://www.thenational.ae/article/20...934/0/YOURVIEW


hth
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Old Dec 10th 2008, 6:59 pm
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Default Re: real estate job losses in Dubai

Originally Posted by Autonomy View Post
Hey - any chance of a link to this article? Thanks....
I think it's this one:
Surviving the giant eraser
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Old Dec 10th 2008, 7:16 pm
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Default Re: real estate job losses in Dubai

Originally Posted by Dutchie View Post
That's wierd! Just turned off the TV here in Holland and they where actually showing an interview with one of the employee's that lost her job. Good PR for the UAE if I quote her last comment "This country is a f**king joke! I wonder when Steven Spielberg is going to use it in a movie. If this happened anywhere else in the civilized world, and employer would go to jail for a stunt like this one..." end quote
youtube it or it didn't happen....
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Old Dec 10th 2008, 7:19 pm
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Default Re: real estate job losses in Dubai

Originally Posted by str View Post
I think it's this one:
Surviving the giant eraser
thanks. interesting.... i.e. not much recourse really it seems....

particularly good headline....

p.s. several mates laid off in property and construction.... everyone still seems to want to see the movies so me ok so far....
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Old Dec 10th 2008, 7:25 pm
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Default Re: real estate job losses in Dubai

Originally Posted by Autonomy View Post
thanks. interesting.... i.e. not much recourse really it seems....

particularly good headline....

p.s. several mates laid off in property and construction.... everyone still seems to want to see the movies so me ok so far....

Legals talkin up the theory....but reality as we know has a nasty habit of sinking the incisors.
Sit tight and keep yer head down
Then there's always AD-NY Film School. In theory
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Old Dec 11th 2008, 5:12 pm
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Default Re: real estate job losses in Dubai

Rumours of huge layoffs now in consultancy design firms ie architects & engineers
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Old Dec 11th 2008, 6:48 pm
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Default Re: real estate job losses in Dubai

Originally Posted by saleca View Post
Rumours of huge layoffs now in consultancy design firms ie architects & engineers
unfortunately not just rumours
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Old Dec 11th 2008, 7:00 pm
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Default Re: real estate job losses in Dubai

yep not rumours
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Old Dec 11th 2008, 7:10 pm
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Default Re: real estate job losses in Dubai

Originally Posted by busybee2 View Post
yep not rumours
hope you were not affected
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Old Dec 11th 2008, 7:55 pm
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Post Re: real estate job losses in Dubai

Apparently Abu Dhabi is next stop for many in Dubai...

Dec. 11 (Bloomberg) -- Abu Dhabi, armed with oil wealth and a $500 billion spending plan, is providing the escape route for British engineers as their bets on Dubai’s construction boom turn sour.

Abu Dhabi will be the main driver behind Carillion’s goal to double Middle Eastern sales by the end of 2009, according to CEO John McDonough. He has moved 150 senior directors from Europe to the Gulf region this year and has added 6,000 employees in Abu Dhabi, working on projects ranging from hotels to aluminum smelters. Britain’s second-biggest construction company is adding jobs this year, while many of its peers slash employee numbers.
For Carillion, based in Wolverhampton, England, revenue from Middle Eastern operations is set to soar to more than 600 million pounds by the end of 2009, nearly double the group’s 2007 figure, CEO McDonough said. Most sales will stem from Abu Dhabi’s infrastructure plans, and the company yesterday raised its earnings growth target to 15 percent.
“There is no question that Dubai has seen its outlook soften, with contracts delayed, some indefinitely,” Tim Jones, finance director at Interserve Plc, said in a Dec. 5 interview. “Abu Dhabi will be extremely exciting over the next few years.”
Interserve, which has built roads, towers and electricity stations in the Gulf region, gets nearly one-third of its annual sales from the Middle East through building contracts including roads, apartment blocks and electricity stations.

“We can initially attack Abu Dhabi from our Dubai base because they are so close, and the more work we get, the more likely it is that we will seek to set up an office there,” said Jones.
“Abu Dhabi has a master plan,” WS Atkins Chief Executive Officer Keith Clarke said in an interview. “You can even buy a copy and read it. They have developed a plan for which they have the cash.
Dubai accounts for half of Epsom, England-based Atkins’s 112 million pounds ($163 million) in Middle East sales, though Abu Dhabi is on course to match that level in a couple years, Clarke said. Dubai will see a slowdown from its “vastly impressive growth,” said Clarke, whose firm is the U.K.’s biggest engineering-design company
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