Expats worried about Job Security
0 Comments Published by dubaigirl January 19th, 2009 in Living, Moving, News, Work.Another company Istithmar World has laid off 10 percent of its workforce, adding to the growing list of companies in Dubai firing their staff as a result of the global credit crunch.
It is but obvious the impact these recent job losses as well as the general state of the economy will have on an ordinary expat’s psyche. A new research by YouGovSiraj shows that at least half the UAE residents are worried about job security. And one third of the expats know close friends or family members who have lost their jobs.
It also reveals that many expats have cut down on their spending, switching to budget brands, avoiding easy credit solutions, and preferring to eat at home. In fact, a significant number are avoiding shopping malls altogether to prevent impulse buying.
To read more about the survey, click here.
If you do know someone who has lost his/her job, here’s a news article that may help. For an expat who is well-settled here with family, losing a job can a painful process. It provides a list of options which may help in dealing with the finances.
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