Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE
Print
Email
Discuss this article (2 Comments)155 axed workers receive Kuwaiti gov't benefits
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 06 September 2009
BENEFITS PAY-OUT: Kuwait has so far paid out benefits to 155 workers laid off by the Kuwaiti private sector. (Getty Images)
More than 150 Kuwaitis laid off by the private sector amid the global economic crisis have so far received benefits through the government's new initiative.
Kuwait's Manpower and Government Restructuring Programme announced that the number of axed workers who met the criteria for receiving unemployment benefits hit 155 last week.
"Those persons have received a total of KD105,000 from state funds so far," the programme's acting secretary-general Fawzi Al-Majdali told reporters.
"The programme will distribute more funds to the eligible persons in the coming few days in a bid to alleviate the financial burdens and social suffering of the axed workers," Al-Majdali added.
The cabinet has decreed that any Kuwaiti worker who was dismissed by their employers between August 1, 2008, and December 31, 2009, will be eligible for unemployment benefits equal to 60 percent of their basic salary in addition to KD220 a month.
He also thanked the National Bank of Kuwait (NBK) and the Gulf Bank for their support in finding alternative jobs for the axed workers.
Al-Majdali appealed for the national institutions and the local firms to "work with the programme, help reemploy the axed workers and satisfy the labor market needs".
READERS' COMMENTS
Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
no taxes in kuwait
Posted by Hamad, Kuwait City, Kuwait on Sunday 6 September 2009 at 21:39 UAE time
there is no taxes in kuwait so they still dont get benifits
Posted by Hamad, Kuwait City, Kuwait on Sunday 6 September 2009 at 21:39 UAE time
there is no taxes in kuwait so they still dont get benifits
Jobless benefits!!
Posted by Punky Brewster, Dubai on Sunday 6 September 2009 at 14:43 UAE time
What abt Expats? Don't THEY get any benefits? Even though they PAY taxes, indirectly OR directly? Not that the govt can GUARANTEE them new Jobs, but I think there should be SOME sort of an equal treatment for ALL people who lose their jobs. Expats ALSO seem to be working, like anyone else, and yet, they just get KICKED out of the country for being jobless! Trend in ALL of teh GCC.... isn't it??
Posted by Punky Brewster, Dubai on Sunday 6 September 2009 at 14:43 UAE time
What abt Expats? Don't THEY get any benefits? Even though they PAY taxes, indirectly OR directly? Not that the govt can GUARANTEE them new Jobs, but I think there should be SOME sort of an equal treatment for ALL people who lose their jobs. Expats ALSO seem to be working, like anyone else, and yet, they just get KICKED out of the country for being jobless! Trend in ALL of teh GCC.... isn't it??
Click here to post a comment
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST POLITICS & ECONOMICS
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST POLITICS & ECONOMICS
LATEST MIDDLE EAST BUSINESS NEWS
- Construction & Industry: Abu Dhabi limits construction to avoid housing glut
- Banking & Finance: Aabar enters into $1.625bn loan agreement
- Technology: Batelco fined $13.3m by Bahrain telecom watchdog
- Healthcare: UAE schools to join fight against childhood obesity
- Technology: Google and UAE oasis city reach online deal
SHARE PRICE CHECK
RELATED STORIES
Market Turmoil Focus
3 stories- UAE sees fourth consecutive month of deflation
24 Nov '09 | News - UK builders still chasing $330m from UAE - report
24 Nov '09 | News - UAE grocery sales growth slumps in 2009
24 Nov '09 | News
National Bank of Kuwait (NBK)
| 112 stories- Kuwait's population stable as expats hit by job losses
15 Nov '09 | News - National Bank of Kuwait posts 10% rise in Q3 profit
20 Oct '09 | News - UAE could lag GCC economic recovery - NBK
14 Oct '09 | News
Mobile
