Arab Contractors Sack 80% Of Staff As Economic Crises Hits Construction Industry - Politics - Nairaland
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| Arab Contractors Sack 80% Of Staff As Economic Crises Hits Construction Industry by citizenisb: 8:44am On May 07, 2015 |
As NOI has confessed as the Coordinating Minister of the economy that all government mobney this year including borrowing has been for recurrent expenditure(Salaries and overhead) with zero allocation to CAPITAL projects constuction companies are now taking a cue of bleak times ahead. Arab Contractors an Egyptian based construction company has just let go of 80% of its workforce due to lack of payment by the Federal government for ongoing projects. The wave of retrenchment might soon hit the banking sector next. Nigerians be WARNED harsh economic times await. |
| Re: Arab Contractors Sack 80% Of Staff As Economic Crises Hits Construction Industry by citizenisb: 8:50am On May 07, 2015 |
THE GOVERNMENT IS SO IRRESPONSIBLE THAT THERE IS EVEN NO PLAN B FOR THE ECONOMY!!! |
| Re: Arab Contractors Sack 80% Of Staff As Economic Crises Hits Construction Industry by PassingShot(m): 8:54am On May 07, 2015 |
We are in trouble in Nigeria for now. Let's hope that GMB and his team have solutions to most of these problems when they come on board. |
| Re: Arab Contractors Sack 80% Of Staff As Economic Crises Hits Construction Industry by citizenisb: 1:02pm On May 07, 2015 |
I hope there is a good social security safety net by the incoming administration to address gross unemployment and poverty |
| Re: Arab Contractors Sack 80% Of Staff As Economic Crises Hits Construction Industry by ifyan(m): 5:04pm On May 07, 2015 |
This is serious. May God help us. You know. ..... |
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