it seems global economic crisis have hit doha, heard that Qatar steel laid off around 300 workers ,plans to fire more people.... its turning out to be worse than expected,
for the information of everybody.my five engineers friend are advise by their company to find another job until january 30. They are working in a consultant company. believe me its true.
Yesterday it goes below 36$ per barrel. The experts says next year it will reach 25$ per barrel. We will pray 4 increase of Oil Price. If it reached below 20$ get ready to go back any time (Oil & Gas employees)
I agree with xena's numbers, my calculation was similar.
All the Qataris who are of age to work and are not studying are working. If they job-hop, it's a net effect of zero. We only have a few hundred graduates yearly.
The country's economy is still growing. More and more jobs are needed, so we'll always need the expats.
And don't forget all the jobs that a lot of Qataris either wont do because they feel it's beneath them, or can't do because they don't have the skills.
Eventually they'll be trained up to do the latter, and hopefully the attitude to the former will change with time.
there is still place for foreigners - people panic to much. I keep saying the following to friends, correct me if I am wrong - oh and the figures I use are purely rounded off, and are probably incorrect, but you will get my drift -
Start with 200,000 Qataris
Lets say that 50,000 are of school going age and younger and another 50,000 are the elderly
that leaves 100,000
of that 50,000 are women, and 25,000 of those don't want to work.
So that leaves you now with 75,000 (25,000women and 50,000men)
Between the large fuel organisations, the government departments, the security forces and other large extablishments, these jobs are filled.
What happens to the private sector? Surely there will still be a need for foreigners?
Again, like I say, these figures are just very loosely based on any actual recordings of employment/censes statistics.
Brit - I wait your input, as its always sound;-)
"if you don't like the heat... get out of the kitchen... but stop trying to fan the flames before you leave... it will burn you on the a** as you go through the doorway...." ME
Well, my company management is keeping our people (and not just citizens) despite the difficulties because it's our culture to do so. Call it social responsibility, if you will - the new-ish buzz word in the management field but it's been practiced since time immemorial in MY. Pros and cons to every situation, as always. Nothing is ever perfect.
Having said that, business is business and "cash flow is king", foreign companies cannot stay on indefinitely and contribute their skills to help build up Qatar if they don't have CF
IMHO, qatarization is a great idea as locals need to be trained and thus, need not rely too much on outsiders and be at their mercy, in the sense of being taken for a ride by unscrupulous people... and there are many. There are many who are genuine and truly wishing to help but many others are out to make a quick buck at anybody else's expense.
I may be criticized for having an idealistic view of Qatar as I just got here a few months ago and I'm not as jaded as some. But I hold the view I stated as I dislike "being held over the barrel of a gun" in any (non-war) situation and being at anyone's mercy, other than God.
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Most of the construction companies are downsizing also. From Barwa,AlJaber,CDC,etc.
In my company, staff numbers were cut to 80%.
I read most of their termination papers - due to global crisis.T_T
for the information of everybody.my five engineers friend are advise by their company to find another job until january 30. They are working in a consultant company. believe me its true.
147 to 33 in 6 months, nobody playing behind this, the market doesn't need as much oil as it did, due to the economic crisis.
someone told me it's 700
FROM 147$ TO 33$ ??????????????
HUGE DIFFERENT!!!!!!!!!!!!!!!!!
WHO IS PLAYING BEHIND THIS??????
SHOULD REACH MINIMUM 70 TO 80$
mbijlee: not only O&G employees, O&G employees are at risk right now, not when it reaches $25.
This country's income is based on O&G, if the prices go down a lot, there will be no money for anything.
And the closing price was $33.87 for light sweet crude (Qatar's oil is usually cheaper).
Yesterday it goes below 36$ per barrel. The experts says next year it will reach 25$ per barrel. We will pray 4 increase of Oil Price. If it reached below 20$ get ready to go back any time (Oil & Gas employees)
agree with xena and tallg hit the bullseye.,
but for their sake, and hopefully in the nearest future, they would have a better perception about this idea.,
_________________
veni, vidi, vici.
I agree with xena's numbers, my calculation was similar.
All the Qataris who are of age to work and are not studying are working. If they job-hop, it's a net effect of zero. We only have a few hundred graduates yearly.
The country's economy is still growing. More and more jobs are needed, so we'll always need the expats.
And don't forget all the jobs that a lot of Qataris either wont do because they feel it's beneath them, or can't do because they don't have the skills.
Eventually they'll be trained up to do the latter, and hopefully the attitude to the former will change with time.
there is still place for foreigners - people panic to much. I keep saying the following to friends, correct me if I am wrong - oh and the figures I use are purely rounded off, and are probably incorrect, but you will get my drift -
Start with 200,000 Qataris
Lets say that 50,000 are of school going age and younger and another 50,000 are the elderly
that leaves 100,000
of that 50,000 are women, and 25,000 of those don't want to work.
So that leaves you now with 75,000 (25,000women and 50,000men)
Between the large fuel organisations, the government departments, the security forces and other large extablishments, these jobs are filled.
What happens to the private sector? Surely there will still be a need for foreigners?
Again, like I say, these figures are just very loosely based on any actual recordings of employment/censes statistics.
Brit - I wait your input, as its always sound;-)
"if you don't like the heat... get out of the kitchen... but stop trying to fan the flames before you leave... it will burn you on the a** as you go through the doorway...." ME
visit www.qaws.org
too many rumours, hard to substantiate
-----------------------------------------------------
Don't get angry with me! I'm only typing what you are thinking!
One of my friend is coming to join QP Next week and another one Interview is in next month. Where is from this news came? By Lungi Times????
Not sure if this is true r not... but heard tht Doha Bank has stopped financing Syrians & Filipinos??
Well, my company management is keeping our people (and not just citizens) despite the difficulties because it's our culture to do so. Call it social responsibility, if you will - the new-ish buzz word in the management field but it's been practiced since time immemorial in MY. Pros and cons to every situation, as always. Nothing is ever perfect.
Having said that, business is business and "cash flow is king", foreign companies cannot stay on indefinitely and contribute their skills to help build up Qatar if they don't have CF
IMHO, qatarization is a great idea as locals need to be trained and thus, need not rely too much on outsiders and be at their mercy, in the sense of being taken for a ride by unscrupulous people... and there are many. There are many who are genuine and truly wishing to help but many others are out to make a quick buck at anybody else's expense.
I may be criticized for having an idealistic view of Qatar as I just got here a few months ago and I'm not as jaded as some. But I hold the view I stated as I dislike "being held over the barrel of a gun" in any (non-war) situation and being at anyone's mercy, other than God.
/If it's war, it cannot be helped.
*****************************************
Don't want no drama,
No, no drama, no, no, no, no drama
Damn.. I'm agreeing with you.. Must be something in the air..
Qataris need to be recruited and trained..It's their right.
I've met quite a few expats who are taking this place for a ride..
I have heard that same thing too! If OPEC won't reach their target price then I'm afraid something worse will happen.
cheers,
paul
it's because of qatarization..not by crisis...
ohhhhhhhhhhhhhhhhhh bad
i also heard that news from a friend. but i was told by another friend that come january 09 their company will be hiring 100 sales staff.
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hope not