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Thu 21 Jan 2010 10:37 AM

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What the ABTT panel said

Quotes from the nine panelists on the subject of further job cuts in the Gulf in 2010.

What the ABTT panel said

“The worst is definitely over and in my organisation I am actually planning more recruitment. If I was honest, I would say that we probably fired more people than we needed to last year – the recession was an opportunity to get rid of some dead wood and trouble makers. Now is the time, at least for us, to bring in new talent.”

“We won’t be making job cuts in 2010 but that doesn’t mean the market has recovered. We will be relocating some of our people from lfrom Dubai to support our projects in other countries or markets. If we did not have projects in places outside the UAE, we would have to cut our workforce substantially by mid-year.”

“No job cuts but don’t get me wrong, 2010 isn’t looking better. But if you reacted early enough to the crisis in 2009 there should be further need for cuts this year. However, not everyone did. I know many people who reacted too late to the crisis, and will suffer this year as a result.”

“We find that business has improved considerably since the last quarter of 09 and we see a modest single digit growth across the region in 2010. It is a great reason to start recruiting again.”

“We entered 2010 hoping for the best, but planning for the worst and had already reduced our headcount in '09 without significant layoffs.”

“We have cut enough, there is nothing left to cut.”

“I think what happens in Q1 is the key. At this stage I would say no, no more job cuts, but I may reverse that view by the end of Q1 depending on the revenues.”

“All the surveys I have seen and all the revenue forecasts I have received from my sales directors tell me that the worst is definitely over. I am very positive for 2010.”

“We still need to reduce our costs but we will find other ways rather than job cuts in 2010. We are left now with our best people only, and I don’t want to lose any more of them.”

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