Strike disruptions delay Arabtec projects
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 14 November 2007
Disruptions caused by last week's strikes may cause Arabtec, one of the construction companies working on the Burj Dubai, to miss completion dates for some of its key projects in Dubai.
The executive director of Arabtec, Tom Berry, told the Associated Press that the strikes had caused serious delays for many of the firm's projects around Dubai, but would not reveal details on exactly which ones would miss deadline.
The company had "suffered financially ... in terms of completing projects," Berry told the Associated Press. Many workers began returning to work on Sunday, with the bulk of employees taking their posts yesterday.
Forty-thousand employees of Dubai-based Arabtec Construction Giant holed up in their labor camps last week, refusing to return to work until their demands for a pay increase of $55 per month was met.
Construction on projects around the city, including the Burj Dubai, the world's tallest building, ground to a halt while parties were locked in negotiations.
"An agreement was reached to increase their salary and they will go back to work," Berry said. He did not reveal the amount of the increase, but said it was a "fair increase to compensate them (the workers) for loses due to a weak dollar."
An official, who did not wish to be named, said that workers had been offered a $27 pay increase, if they returned to work immediately. The increase would take the average pay of an unskilled laborer from $109 to $136 per month and that of a skilled labourer from $163 to $190.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST CONSTRUCTION & INDUSTRY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST CONSTRUCTION & INDUSTRY
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Dubai gov't repays $1bn aviation bond
- Personal Finance: Credit bureaus combine to form regional group
- Healthcare: Kuwait swine flu fatalities rise to 24
- Politics & Economics: Mideast needs to improve insolvency rules - World Bank
- Travel & Hospitality: ADNH sees net profit up by 28% but hotels suffer
SHARE PRICE CHECK
RELATED STORIES
Burj Dubai
3 stories- Burj Dubai exterior now complete - Emaar
1 Oct '09 | News - Architect reveals Burj Dubai height
3 Dec '08 | News - Design unveiled for new world's tallest tower
5 Oct '08 | News
Arabtec (Arab Technical Construction Company) - UAE
- Arabtec says Q3 net profit down by 35%
29 Oct '09 | News - Nearly 80% say construction will never return to peak
24 Sep '09 | News - Above the competition
19 Sep '09 | Interviews
Emaar Properties - UAE
- Burj Dubai to open on Jan 4 - Alabbar
4 Nov '09 | News - Saudi ends higher tracking global strength
4 Nov '09 | News - SABIC, banks weigh on Saudi index
3 Nov '09 | News




