Kippreport gets the scoop from Neelesh Bhatnagar, CEO of Emax, and Nadeem Khanzadah, head of omnichannel retail at Jumbo GroupSeptember 2, 2015 5:24
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.