Coronavirus impact: UAE banks plan 10-15% cut in workforce

Coronavirus impact: UAE banks plan 10-15% cut in workforce

Four out of five people in the global workforce are affected by full or partial workplace closures: ILO. In the UAE, hospitality, real estate, retail and professional services sector have mostly seen layoffs in the last few months since the outbreak of coronavirus.. "Financial services sector has started to make changes in headcount since last few weeks and we are anticipating 10-15 per cent reduction in workforce.�Once the head count correction is complete in financial services and energy sector, we may see more cuts in reward & benefits as well in these," added Gandhi.. International Labour Organisation has said that more than four out of five people (81 per cent) in the global workforce of 3.3 billion are affected by full or partial workplace closures.. It said large reductions are foreseen in the Arab states which is 8.1 per cent or equivalent to 5 million full-time workers.. ERROR: Macro /ads/dfp-ad-article-new is missing!. Total number of cases in the country now stands at 256611, including.... PM Johnson is said to be looking at July 6 as a potential date for an .... Given potential workplace changes caused by the outbreak, a facility.... 'Leadership has directed to apply the distance education system