Sunday 21 September 2014
 
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Layoff

US Navy denies staff layoff plan in Bahrain

A US Navy spokesman has denied reports that civilian employees in Bahrain could lose their jobs as part of defence budget cuts. The cuts, worth $85 billion, have taken effect since Friday and will involve millions of workers globa

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US Navy denies staff layoff plan in Bahrain

A US Navy spokesman has denied reports that civilian employees in Bahrain could lose their jobs as part of defence budget cuts. The cuts, worth $85 billion, have taken effect since Friday and will involve millions of workers globa

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Confusion over Gulf Air layoff strategy

Unionists are demanding answers amid claims that 120 Gulf Air staff working abroad have lost their jobs and growing uncertainty surrounding voluntary redundancy packages. A lack of official confirmation has created an atmosphere o

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Bahrain MPs vote to stop Gulf Air layoffs

Bahrain’s parliament members yesterday voted to freeze hundreds of redundancies taking place at national airline Gulf Air as part of a major restructuring plan to safeguard the airline's future. They unanimously approved

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Gulf Air union demands higher payout

Unionists at Bahrain’s national carrier Gulf Air are demanding increased severance packages ahead of proposed mass layoffs as part of a major downsizing. The Gulf Air Trade Union (GATU) met management of the airline yesterda

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Union to discuss Gulf Air's layoff plan

Unionists at Bahrain's national airline Gulf Air are set to meet with the management today seeking answers about the future of thousands of staff who could be facing redundancy. Our sister publication the Gulf Daily News (GDN)

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Bahrain businessmen warn of massive layoffs

Bahrain's business owners are warning of a massive wave of layoffs this year amid ongoing economic stagnation, according to a report. They are no longer in a position to maintain local workforce due to repercussions of the global econo

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Al Mal Capital shuts Saudi office

UAE investment bank Al Mal Capital has shut down its Saudi office following a winding down of its brokerage unit and a broad staff layoff at its head office, two people familiar with the matter said. A statement posted by the firm on the S

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Global mulls more layoffs

Kuwait's Global Investment House, one of the country's biggest investment firms, will continue to monitor costs and expects more job cuts this year, although it expects an improvement in results, its managing director said. Speakin

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Zain Bahrain 'jobs are safe'

Zain Bahrain, a leading telecom services provider, will only have a 'minimal effect' in a Zain Group plan to lay off around 2,000 employees over the next two years, a top official has said. Zain Bahrain general manager Mohammed Zainalabedi

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