Barwa Terminations
Does anyone know if it is true that Barwa Real Estate is having a bad time now and terminating hundreds of people? I have friends there and they got terminated. As far as they said, over 100 staff were terminated in the last 2 weeks and 200 staff will be terminated before Eid.
They say that lots of thier projects have lost and some of thier sister companies either closed or emerged.
Also, I have been told that they will emerge with Iqaria very soon.
What all of that means?
they mentioned something like that in the al-sharq newspaper,, but no numbers were given..
i thought Barwa is untouchable
contructing 2million accomodation for 1.7million population will surely lead to this. however, i aint still sure about Barwa crisis.
~noms~
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"Before God we are all equally wise ' and equally foolish" - Albert Einstein
The property market has saturated. When there is no more company income, retrenchment is the answer
May i know which company or what is it dealing with?
if its true, then get me the CV's of the termintaed staff, as i we establishing a company and need staff.
silvermillionair at hotmail.com
I think these are some factors:
1- Recession.
2- Qatarization.
3- Re-Structuring and emerging companies, which is mainly a result of recession.
I also heared that they are terminating hundreds in Barwa. But I read in Gulftimes that they will open recruiting again in Barwa and many other organization.
I think they are planning to terminate those who they think are costing them much and then hire new staff with lower salaries.
so finally our dear qatar has become a victim of the ominous 'evil eye' of the rest of the world,eh?i remember my friends elsewhere widening their eyes in wonder when i told them recession hasn't really hit us that bad.too bad....we'll all have to watch our chairs from now on :-S
Going to church no more makes you a Christian than standing in a garage makes you a car. ~ Garrison Keillor
overbuilding with no purpose or need - that's probably the cause!
many things are going to change after 1st april... even kahrama will work under the Ministry of Energy...
bibo: wish u all the best.. look forward for a increment. ;)
~noms~
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"Before God we are all equally wise ' and equally foolish" - Albert Einstein
But I can tell you that the crisis has reached Qatar!
Every single day, I am hearing of terminations, specially in non-profit generating departments like PR, Marketing, HR...
Where I work, 6 employees (specialy managers with high salarieS) got terminated from one department for "crisis reasons"
I am on the list, I heard rumours about it...
It means recession
And i heard that even 'Ali baba and forty thieves' are now 'Ali baba and 30 thieves'.
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Quidquid latine dictum sit, altum sonatur.