Nakheel has money to fund current projects: CEO

Posted by: Mr Graham Hughes Monday, 9 February 2009 9:21 PM[UAE] - England

After reading some of the comments regarding lay off's recently by this multi national company, (obviously from ex employees), I am sad to see the negative side of the comments made by so many people. Dont you guys realise the following: 1. At least you were given the opportunity, to serve in the UAE in the first place and secure a decent probaly tax free well paid salary. 2. If you failed to notice, it's not just the UAE companies laying off staff, it's happening all over the world. 3. Why is it that once the ***** hits the fan so to speak, all the ex employees, start ripping into higher management. 4. Sit down and think about your comments prior to making them, you see without these top job people, who are still employed within the company, how do you think they made the decisions in the first place, its these people who have the expertise, knowledge and no doubt the focus on the future, that's why their paid bigger salaries than you guys who are making all these negative comments. 5. It wont be long anyway before the recession is over, maybe 6 to 12 months, and surely with the tax free salaries you people have been earning within the company during your time with them, has helped you and no doubt your families to save for a rainy day (so to speak), so come on wake up, just because you were employed within a particular positionin your lasy job, doesnt mean you cant take any job , now does it, you see in lkife you and we always have to climb a ladder to get were we want to be, however, at times we all have to experience falling off that ladder, maybe one rung or maybe ten rungs, it doesnt matter, what matters is, that you all keep a positive attitude, and while your waiting for this again big job opportunity, which will come back one day, why not go and sell fruit on the beach or work in another job, while your waiting for the big opportunity, that you once had to come back, surely if you were that good, they will take you back wont they, when the time is right, so in the meantime, stop complaining, get off your backsides, there is work out there, maybe not as much money as your used to, but something is better than nothing surely. 6. Many many hard working people, both male and female, are experiencing problems and threat of unemployment , wherever they may live across the world, but by being positive and not negative and more importantly not recentfull about your last employer, why not not cut back on your living costs and style for the moment, seek employment in other sectors as a temporary manner. I do hope some of you people who have made your comments public on the issue of lay off;s and the issue of keeping big wigs in employment, take note of my comments, in which may I add, having experienced redundancy and lay off myself, but just got on with it and followed the above tips all on my own thinking. Thank you for reading and do hope it comes some way to making you all realise life does get better as we all mature. Regards Graham Hughes (Merseyside, England)

Posted by: Solly Wednesday, 7 January 2009 9:04 AM[UAE] - UAE

I agree totally with SM's comment about Nakheel which I know personally to be correct. It will have to change a lot to survive, as will many others.

Posted by: SM Tuesday, 6 January 2009 10:14 AM[UAE] - UAE

If the Nakheel CEO plans to continue in businees, this piece of advise will do him good- Do a comparison of the qualifications, experience and capabilities of those who are fired and those who are retained, with the cost to the company for each of them. Nakheel CEO would realise that the staff cut was not planned or executed with the best intrest of the organisation. Sustainability is something Nakheel has failed to achieve; and the company is definitly responsible for having spoiled the careers of a group of professionals. Just as the hiring process was totally haphazard, the firing process too was without any ratioal or without keeping best intrest of company or its intrests in mind.

Posted by: Sebastian Zacharias Friday, 26 December 2008 11:21 AM[UAE] - UAE

Nakeel can & will come out of this impass. Wait & watch! Actually the bankers are shying off from the market, real probles is short term fund whcih need to come from Bankers & Institutions

Posted by: andrews Wednesday, 24 December 2008 9:35 PM[UAE] - united arab emirates

Mr.CEO, its time you know how it feels to get layed off.. so why dont you layoff yourself or take a paycut instead of laying off people who are earning maybe 10 times less than you..just a suggestion from my side!!