Could a 20% job cut that happen in Dubai happen in Singapore?
An interesting read for a Singaporean. We share very similar job stimulus environment with Dubai in that the government employs a large number of people. Alot of us are employed by either GLC or Temasek Link companies if not the government. So what happens if the country’s government mismanages?
DUBAI (Zawya Dow Jone)–Almost a fifth of workers in the United Arab Emirates lost their jobs this year as construction firms hit by the global financial crisis cut back amid a near 50% fall in property prices, a survey showed Tuesday.
A total of 16% of job cuts were made over the 12-month period to August, online recruitment firm Gulf Talent said in its annual survey of labor market trends in the Gulf region.
Related posts:
- The Dubai Situation:Coming at a shit time or just perfect timing?
- Gulf of Mexico have a large oil discovery
- Gulf States May End Dollar Pegs
- Deepwater Horizon Problem would likely mean higher oil prices
- Oil to go USD 20??
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
RSS
Twitter
Buzz
Comments
No comments yet.
Leave a comment