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First Gulf Bank denies employment article
First Gulf Bank hits back with an official statement that Reuters article claiming the bank prefers nationals to expatriates. Precious de Leon reports.
July 13, 2011 4:08 by Precious de Leon
First Gulf Bank has released a short statement repudiating claims made in a Reuters article, which was published in Kipp on July 6, titled, “Abu Dhabi cuts expat jobs to trim costs, boost locals.”
The original article mentioned that the Abu Dhabi-based financial services company had “laid off scores of expatriates in the last few months.” It quoted an anonymous First Gulf Bank employee who had reportedly been laid off and replaced by an Emirati.
Here is First Gulf Bank’s statement:
In response to the article “Abu Dhabi cuts expat jobs to trim costs, boost locals” posted by Reuters on (July 6, 2011) First Gulf Bank (FGB) would like to clarify that the claims made in this article are incorrect and do not represent the current HR policy of FGB.
FGB is committed to the community in which it operates and is investing heavily in all of its employees both Emiratis and expatriates.