KATHMANDU, Feb 2: After Malaysia, it is now the turn of the United Arab Emirates (UAE) to cut down on foreign labor.
According to RSS (National News Agency), the UAE´s foreign ministry said it has decided to cut jobs by 45 per cent in light of global economic slowdown. The oil-rich UAE is heavily dependent on labor from foreign countries.
The job cut will begin in a few days´ time. The UAE government has already instructed various companies not to take in any new foreign labor and begin cut down on the existing labor force.
According to Nepali Embassy in UAE, there are over 125,000 Nepali laborers in the country working as security personnel, construction laborers, drivers and hotel and restaurant employees.
The number of Nepali workforce to be laid of is not known now. UAE ranks fourth in labor destination for Nepalis after Saudi Arabia, Malaysia and Qatar.
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Throughout the world, jobs have been slashed as a result of global financial meltdown that began last year. The International Labor Organization terms it global jobs crisis.
