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Rumor has it…
We’ve heard a rumor that Emaar Properties is forcing its employees to take two days unpaid leave per month. Is Emaar in trouble?
January 22, 2009 3:26 by Dana El Baltaji
Rumor has it that Emaar Properties is forcing its employees to take two days unpaid leave per month for the next six months in an attempt to cut-costs, an employee confirmed to Kipp. The employee, who wishes to remain anonymous, said that Emaar’s staff received a memo on Thursday with the news.
Kipp was unable to reach Emaar’s public relations department for comments.
If the rumor is true, then we’re staggered by the irony. On January 20, Mohammed Alabbar, chairman of Emaar Properties and chairman of The Advisory Council of the Government of Dubai, said that in spite of the global recession and the financial crisis, Dubai is continuing to grow.
If Dubai is still growing, then why is Emaar forcing its employees to take unpaid vacations?
If someone has any answers, we’d like to hear them.
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7 Comments
If it is true and if they are in trouble i would imagine two days per month unpaid leave is a much better alternative to being laid off or let go
The job sector in Dubai will bleed profusely, each sector will be affected. Emaar will make most jobs redundant, just a matter of time. The word TRANSPARENCY is so alien to the UAE.
A friend of mine who works in Sama Dubai said that they are offering the employees attractive exit plan in order for people to resign. This strategy is to show that people are resigning rather than being laid off and puts the company in question for its financial status!
They will go: “hey!! they left…we didnt fire anyone!!”
it s a good strategy, better than laying off the employees, i think all companies having the same problems should do that!!!
Oh by the way every one knows that sama dubai, is gone !!!
Ouch. This article made me recall the one you published a while back – Arrested Development http://37.188.120.15/kipp/2008/10/09/arrested-development/
You would have thought the PR agency behind Emaar would have learned their lesson by now. By not doing anything, Asda’a has done it again… and let the rumour mongers of Dubai tell their company’s ‘news’. That’s gotta hurt.
I heard that DP also made staff redundant bay getting them zo sign a letter of resignation. I think it’s got a lot to do with not wanting to pay the full final settlements under UAE labour law. If the employee resigns, it’s 7 days pay for ever year of service as opposed to 21 days of pay per year of service in the case of termination. Nothing surprises me in Dubai anymore…
People wake up!! The dream is over, savour those fond meories of a beautiful dream of Dubai, now get to hard work and make that “Dubai Dream” a reality. Sounds far fetched, its far better to put in that hard work here than elsewhere in the world. Do something get another job, start a business or whatever, stick around, it will rewad you.