Saudization in full swing; OFWs at risk of losing jobs in early 2012 11/28/2011

Saudization in full swing; OFWs at risk of losing jobs in early 2012

11/28/2011
Thousands of Filipinos are expected to be forced out of jobs in Saudi Arabia in early 2012 if the companies they work for will not comply with the Kingdom’s new labor law of hiring more local workers than foreigners, the recruitment sector yesterday warned.

As the third phase of the Saudization programs has set in late last week, at least 100,000 to 300,000 Filipino workers remain employed in companies under the red category or those that have yet to effectively implement the scheme.

Analysts believe it will be huge setback to the Philippine economy that is mainly dependent on overseas Filipino workers’ remittances..... MORE


Source:  The Daily Tribune

URL: http://www.tribuneonline.org/headlines/20111128hed6.html