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50,000 Laid Off In Saudi Arabia As Oil Crisis Bites Deeper
Oilprice.com ^ | 09-05-2016 | Savages

Posted on 05/09/2016 10:01:22 AM PDT by bananaman22

Saudi construction giant Binladin group has laid off tens of thousands of workers, leading to rare protests, as workers torch seven buses demanding compensation as low oil prices begin to bite in earnest.

The numbers of layoffs range from 50,000 to 77,000, many of who say they were not paid for several months.

Binladin group, which last year had all of its contracts frozen after a crane fell over the Grand Mosque in Mecca, killing 107, denied that it owed its workers any compensation. The company said the layoffs were a “routine” adjustment to a slowdown in construction activity in the country.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: jobs; layoffs; oil; saudi

1 posted on 05/09/2016 10:01:22 AM PDT by bananaman22
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To: bananaman22
Binladin group, which last year had all of its contracts frozen after a crane fell over the Grand Mosque in Mecca, killing 107, denied that it owed its workers any compensation.

I'm surprised they didn't deny they ever had any workers.

I would have expected them to say they never hired anyone, and all work was accomplished by the will of Allah alone.

2 posted on 05/09/2016 10:05:36 AM PDT by Steely Tom (Vote GOP: A Slower Handbasket)
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To: Steely Tom
This is dedicated to all those ragheads of the Binladens.


3 posted on 05/09/2016 10:09:09 AM PDT by chopperman
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To: bananaman22

all those Indonesians, Singaporese and Filipinos are going to carry sharia back home.


4 posted on 05/09/2016 10:10:02 AM PDT by fella ("As it was before Noah so shall it be again,")
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To: bananaman22

5 posted on 05/09/2016 10:10:05 AM PDT by dfwgator
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To: bananaman22
Note that this is the family company of Osama Bin Laden's dad.
6 posted on 05/09/2016 10:12:23 AM PDT by PapaBear3625 (Big government is attractive to those who think that THEY will be in control of it.)
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To: chopperman

Don’t make fun of the unemployed until you know its devastating effect on the victims. Houston is very hard hit and if you played that violin publicly in a job fair, you would not come out alive.


7 posted on 05/09/2016 10:15:53 AM PDT by 353FMG
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To: 353FMG

I wasn’t referring to the employees. I was referring to that family.


8 posted on 05/09/2016 10:20:16 AM PDT by chopperman
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To: bananaman22

At least no Saudis will lose their “jobs.” What do Saudis do, anyway?


9 posted on 05/09/2016 10:34:55 AM PDT by oldplayer
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To: oldplayer

Saudis watch while others work.


10 posted on 05/09/2016 10:38:12 AM PDT by Teacher317 (We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
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To: bananaman22

HaHaHa. Eat sand...


11 posted on 05/09/2016 10:39:16 AM PDT by hal ogen (First Amendment or Reeducation Camp?.)
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To: oldplayer
At least no Saudis will lose their “jobs.” What do Saudis do, anyway?

Empty out the plane's liquor once they leave Saudi Airspace, and head straight for the Nudie bar once the plane lands in a non-Islamic country.

12 posted on 05/09/2016 10:41:09 AM PDT by dfwgator
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To: fella

Right after they have a babi kecap and a beer, served by a woman whose dress contains less square footage of cloth than a Saudi woman’s headscarf.


13 posted on 05/09/2016 10:52:40 AM PDT by ameribbean expat (When the going gets weird, the weird go professional.)
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To: dfwgator

“Saudis . . . doing the jobs Yemini’s won’t do for themselves” I guess.


14 posted on 05/09/2016 11:10:15 AM PDT by oldplayer
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To: oldplayer

Gotta be foreigners.


15 posted on 05/09/2016 11:17:56 AM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: Steely Tom

Could possibly add to the problems there where 60% of young men sympathise with or otherwise support ISIS, maybe.


16 posted on 05/09/2016 1:58:40 PM PDT by OldNewYork (Operation Wetback II, now with computers)
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To: fella

I remember after the collapse in 2007/2008 there were pictures of abandoned cars at some airport in Saudi Arabia; a lot of the Indians that had been laid off walked away from their homes (and car payments) and flew home.


17 posted on 05/09/2016 3:52:15 PM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: bananaman22

Over the last 50 years, the Saudi Royals have squeezed the world, sometimes hard for the oil under their sand. They have sponsored terror and grown fat on their profits. I hope the masses over thrown the country and plunder the royals till they are penny-less.


18 posted on 05/09/2016 5:22:47 PM PDT by mad puppy (E PLURIBUS UNUM)
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To: mad puppy

I’m forecasting a bear market in towel heads.
Their new best customer is China.

Those friendly folks with mafia business practices and 1.4 billion expendable people to enforce them.

Thank God for fracking on US soil.


19 posted on 05/09/2016 5:24:29 PM PDT by nascarnation
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To: oldplayer

—What do Saudis do, anyway?—I have only witnessed what I see here, and I see their young sons drive around in new Mustangs and lifted American pickups.

OH, you mean for work...


20 posted on 05/10/2016 7:26:24 AM PDT by Blue Collar Christian (Ready for Teddy, Cruz that is, but now opposing Hillary for Trump.)
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