DHAKA: Saudi Binladin Group, a Saudi-owned construction company, has laid off about 77,000 foreign workers and plans to cut thousands of jobs held by Saudi nationals.

A local newspaper reports, Al Jazeera says on Tuesday (May 3).

Binladin has issued 77,000 final exit visas to foreign workers so that they can leave Saudi Arabia, and is expected to lay off 12,000 of 17,000 Saudis in supervisory, administrative, engineering and management jobs, Al Watan newspaper quoted an unnamed source in the company as saying on Monday.

While Saudi construction companies regularly cut or expand their foreign staff in response to changing demand in the industry, they rarely lay off large numbers of Saudis, partly because it is legally difficult and expensive.

The total workforce at Binladin, one of Saudi Arabia’s biggest firms and among the Middle East's largest builders, is around 200,000, according to its LinkedIn page.

Asked to comment, Binladin did not give a figure for job cuts but said, ‘Our manpower size is always proportional to the nature and scale of the undertaken projects, along with the time spans required to complete them’.

‘Adjusting the size of our manpower is a normal routine especially whenever projects are completed or near completion. Most of the released jobs had initially been recruited for contracted projects with specific time frames and deliverables.’

BDST: 1608 HRS, MAY 03, 2016
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