Kuwait Real Estate News
More job losses underway in Kuwait
One of the major local financial services firm has laid off some 40 to 80 employees, revealed the Union Head of Bank Workers in Kuwait. The name of the firm is yet to be revealed.
The official said that several local banks plan to suspend the payment of annual staff bonuses due to downturn in profits in the current financial slump.
Several local banks plan to suspend payment of annual staff bonuses due to downturn in profits in wake of the current financial slump.
Recent media reports too indicate probable large-scale lay-offs in the local finance and investment sector.
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