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Latest News

The Business of… 2010’s underperformers

The Business of… 2010’s underperformers

Strikes, debt and defaults; 2010 hasn’t been kind to a lot of UAE businesses. Here is our pick of the biggest underperformers in 2010.

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December 29, 2010 11:22 by



In what can only be described as a rarity in the realm of UAE labor, Sharjah taxi drivers from various companies went on strike over a new (and if Kipp may say so, bizarre) rule which charged taxi drivers 52 fils for every kilometer they travelled. The beginning of November saw the strike stretch over a couple of days with authorities not flinching, calling on drivers to resign if they no longer wish to work with them. And they did.

Though official figures aren’t too clear, The National tells us ‘hundreds’ quit. Then barely three weeks after their previous strike and mass resignation, the taxi drivers went on another mass strike with more than 2,000 drivers refusing to carry on with the current system and others saying they were not paid their end of service benefits upon resignation. The last we heard 600 drivers handed in their resignation during the second bout of strikes, but unfortunately the story seems to have faded away (as they tend to in the UAE), with no news of a satisfactory resolution on the cards.



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1 Comment

  1. Amr Salem on December 29, 2010 2:05 pm

    You can’t leave Nakheel out. And a lot of Dubai Holding Companies as well: Tatweer, Dubai Industrial City, Dubai Land, Tiger Woods…And many other Real Estate businesses.

     

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