Monday 10 November 2008

Job cuts in the property business in Dubai

It seems that the once impregnable property giant that is Dubai is even feeling the heat of the global economic downturn. Gulf News reports:

The DAMAC Group has announced that it has undertaken a review of global staffing levels in response to the continuing current global slowdown.
The organisation, has announced that 200 jobs will be retrenched in total or about 2.5 per cent of global staff levels.

OK, OK, this does not affect workers in the Gulf directly it seems, so we should not panic, as this is really just precautionary as the company has to be sensible operating as an international business. The job cuts are seemingly going to be made on its enterprises abroad.

However, we should take note that if the rest of the world continues on this downturn there will have to begin a pull on resources in Dubai and the Gulf.

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Richard

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James said...

This is a pretty old blog and now the situations are much better as the market has regained its success graph. Therefore, a number of jobs can be applied online through the online gulf job portals.