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ok lets keep it up to dated..

I'm not sure those are offical numbers or not .

nakheel 2000 not updated
jumpo 500 updated
Al Shafar General Contracting Co 2000-3000
dubai holding 400
arabtc 5000
WS Atkins, a leading British engineering consultancy firm, have laid off 170 professionals, bringing the total number of redundancies in Dubai to well over 3,200
rak bank 400

*in overall 1500 a day X30 days =45000
lets say this started 5 months ago 45000X5=225000
did I do this right?



keeeep it updated for smoggie & arniegang

i hope it keeps on continuing. less traffic and less indians too

Kid, you seems to have access to good information to get those numbers.
I would start 3 months back, like October, but nevertheless a huge number,
if those are correct.
yes guys, not only less traffic, but goods and services will be more competitive.

macjul wrote:Kid, you seems to have access to good information to get those numbers.
I would start 3 months back, like October, but nevertheless a huge number,
if those are correct.
yes guys, not only less traffic, but goods and services will be more competitive.

I think the Immigration has the real number

ArchitectRoel wrote:

macjul wrote:Kid, you seems to have access to good information to get those numbers.
I would start 3 months back, like October, but nevertheless a huge number,
if those are correct.
yes guys, not only less traffic, but goods and services will be more competitive.

I think the Immigration has the real number

like they'll will ever announce it

uaekid wrote:ok lets keep it up to dated..

*in overall 1500 a day X30 days =45000
lets say this started 5 months ago 45000X5=225000
did I do this right?



keeeep it updated for smoggie & arniegang

very highy possible that it is true - although you cant assume the same rate every month. layoffs built up from sept onwards and peaked in Dec./Jan.

only the big companies make it to the news.....

wishmaster wrote:Last week Mashreq Bank sack 700 and Al Futtaim sack 1000.

Where do these numbers come from?

sage & onion wrote:

wishmaster wrote:Last week Mashreq Bank sack 700 and Al Futtaim sack 1000.

Where do these numbers come from?

One of my friend got fired from Mashreq Bank SME section.
One of my friend is Manager in Al futtaim and she just got this list last week

wishmaster wrote:

sage & onion wrote:

wishmaster wrote:Last week Mashreq Bank sack 700 and Al Futtaim sack 1000.

Where do these numbers come from?

One of my friend got fired from Mashreq Bank SME section.
One of my friend is Manager in Al futtaim and she just got this list last week

Thanks

The figure for DH is actually 800.

And dont forget these figures are only what is published and obviously censored in the papers.

Personally i would totally ignore what we read in the papers and at least treble it.

What we dont hear about is the acumlative numbers of small business's, shop workers. labourers etc that propably total more than even the headline figures.

Too many companies are absent from uaekid's list:

Better Homes, 50 staff, November 2008 (word is that that 200+ jobs were chopped)
Aldar, 200 jobs
Damac Properties, 200 jobs, November 2008
Omniyat, 100 jobs? November 2008
Sama Dubai, considering job cuts
Shuaa Capital layoffs, 21 staff, December 2008
Tameer Holding, 180 staff, December 2008?
Arabtec, 150 jobs at Meydan, another 5000 jobs in Dec. 2008
Emaar Properties (EMAAR), 45 or 600 staff (unconfirmed)
Morgan Stanley (15% of stuff let go)
Goldman Sachs (10% cut)
First Gulf Bank (FGB) 30 jobs & First Gulf Marketing several dozen jobs, according to "people familiar with the situation"
National Bank of Fujairah (NBF), 40 jobs
ENBD, 2000 jobs

thanks zzane

your list put my point in perspective - thanks.

Sadly your list is still the tip of the iceburg i feel.

Yep, there's a lot more to it and I don't see the situation improving anytime soon. Thankfully, we are weathering the storm right now. Anyhow, here's another stat to add to the ever increasing pile:

Burt Hill, 111 employees laid off

My Indian buddy from Lamprell at JAFZA just got an "extended holiday" for a month, due to lack of clients. He says 30 Brits in management got fired.

gtmash wrote:My Indian buddy from Lamprell at JAFZA just got an "extended holiday" for a month, due to lack of clients. He says 30 Brits in management got fired.

Now that is serious because Lamprell is Oil Field related

sage & onion wrote:

gtmash wrote:My Indian buddy from Lamprell at JAFZA just got an "extended holiday" for a month, due to lack of clients. He says 30 Brits in management got fired.

Now that is serious because Lamprell is Oil Field related

The extended holiday is unpaid, by the way.

zzzane wrote:Yep, there's a lot more to it and I don't see the situation improving anytime soon. Thankfully, we are weathering the storm right now. Anyhow, here's another stat to add to the ever increasing pile:

Burt Hill, 111 employees laid off

I know a guy who knows a guy there, What a messed up situation that is!

It seems that the only redundencies that are acknowledged are the management and administration.

Not much mention about the number of labours being laid off, which has to be in the thousands with developments being put on hold or cancelled, but we don't read or hear about those poor souls. And when they go back many face having to pay loans back that they had taken to get to Dubai.

In addition, a lot of hotel staff have been put on two months leave without pay, not knowing if they will have a job at the end of that period.

Bora Bora wrote:It seems that the only redundencies that are acknowledged are the management and administration.

Not much mention about the number of labours being laid off, which has to be in the thousands with developments being put on hold or cancelled, but we don't read or hear about those poor souls. And when they go back many face having to pay loans back that they had taken to get to Dubai.

In addition, a lot of hotel staff have been put on two months leave without pay, not knowing if they will have a job at the end of that period.

You better believe that this situation is just starting to unfold.

From another forum: there seems to be a small group of people who visit those who have been jailed for absconding - leaving behind debts (personal loans, cars, probably property as well). And I'm not talking about laborers! Lots of money being withdrawn/transferred from local bank accounts. It seems alot of people are doing so in anticipation of being one of those to be made redundant.

Bora Bora wrote:From another forum: there seems to be a small group of people who visit those who have been jailed for absconding - leaving behind debts (personal loans, cars, probably property as well). And I'm not talking about laborers! Lots of money being withdrawn/transferred from local bank accounts. It seems alot of people are doing so in anticipation of being one of those to be made redundant.

What exactly are this small group of people doing when they visit the people in Jail?

Monarch hotel: 120 layoffs

How many other hotel groups are shedding staff in the light of the falling tourist numbers?



Knight

I would guess absolutely nothing since there isn't very much they can do!

Dubai Knight wrote:Monarch hotel: 120 layoffs

How many other hotel groups are shedding staff in the light of the falling tourist numbers?



Knight

And Monarch Hotel is not exactly one of the better known Hotels, so you have to wonder.

sage & onion wrote:

Dubai Knight wrote:Monarch hotel: 120 layoffs

How many other hotel groups are shedding staff in the light of the falling tourist numbers?



Knight

And Monarch Hotel is not exactly one of the better known Hotels, so you have to wonder.

Jumeriah Group is putting staff on two months without pay. Obviously no guarantee there will be a job when the two months is up.

Monarch - beautiful property, badly managed. Nobody from the executive level has been sacked.

Jumeira Beach Hotel

25% off all food and beverage until the end of Feb

Get down to the Dhow and Anchor peeps

arniegang wrote:Jumeira Beach Hotel

25% off all food and beverage until the end of Feb

Get down to the Dhow and Anchor peeps

Place is almost empty, was down there on Wednesday during the day.

good, this means no more queues for an outside smoking table

i was at my developers' office (yes i am still holding on to my property...waht a sucker!!)

The guy there told me that about 3000 heads from their contractors' staff had got knocked off.

Not surprising given that a lot of the contracting firms are out of work.