Saudi Arabia pandemic Government crisis Coronavirus Saudi Arabia

Gulf countries face exodus of foreign workers, even larger than 2008 crisis

Reading now: 554
www.livemint.com

A popular Saudi talk show host told private businesses this week it was their national duty to lay off foreign rather than local employees, warning that the dominance of Saudi Arabia's workforce by expatriates was a "real danger".

Khaled al-Oqaily's comments on his daily TV show encapsulated the dilemma faced by 35 million foreigners who form the Gulf's economic backbone: as firms shed jobs because of the coronavirus pandemic and oil price crash, and governments move to protect citizens' jobs and wages, should they stay or go?

The expatriate exodus is expected to be larger than after the 2008-2009 financial crisis and the 2014-2015 plunge in prices for oil, the region's main export, the International Labour Organization (ILO) said, without

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA