The Most Revolutionary Concept In Education PLANMAN CHE CENTRE FOR HIGHER EDUCATION, Supported by IIPM India’s Leading B-School
Between the devil and the deep sea
Kerala’s been making a massive contribution to the Gulf migration since 1970s. The Gulf dream of the Keralites faced a set back in recent years due to the huge increase in cost of living in those countries. Dubai contributed the most to that, but many Keralites resisted it by sending their families back home. But the situation became worse with the recession. While increase in rent and other expenses affected the lower middle class in the Gulf, recession has hit everyone hard.
“Some of the labourers have been sent home on a long leave. The companies hope to take them back if the situation improves in five or six months. Most of them are given leave for five and a half months as continuous absence from the UAE for more than six months will automatically cause cancellation of their visas. Companies are finding a new way to reduce future expenses, which they will have to spend on visas. But visas of higher officials are being cancelled as they draw huge salaries,” says Abdul Gafoor, executive secretary of a consultancy firm in Dubai.
“I had to deliver termination letters to 15 engineers in my company. Most of them were drawing more than 10,000 dhs salary and the most senior among them was getting around 40,000 dhs. Ten of them are Indians and seven are from Kerala. I do not know when I will be asked to type my own termination letter,” fears Gafoor. As the recession had its first impact on the Gulf economy, the number of jobless was nearly 200 per week. But now it’s difficult to count, says a reporter in Dubai. “The government is taking tough measures to censor the news and authorities are trying their best to hide terrifying facts. As a result, rumours are spreading with wings,” he says on request of anonymity.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
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Between the devil and the deep sea
Kerala’s been making a massive contribution to the Gulf migration since 1970s. The Gulf dream of the Keralites faced a set back in recent years due to the huge increase in cost of living in those countries. Dubai contributed the most to that, but many Keralites resisted it by sending their families back home. But the situation became worse with the recession. While increase in rent and other expenses affected the lower middle class in the Gulf, recession has hit everyone hard.
“Some of the labourers have been sent home on a long leave. The companies hope to take them back if the situation improves in five or six months. Most of them are given leave for five and a half months as continuous absence from the UAE for more than six months will automatically cause cancellation of their visas. Companies are finding a new way to reduce future expenses, which they will have to spend on visas. But visas of higher officials are being cancelled as they draw huge salaries,” says Abdul Gafoor, executive secretary of a consultancy firm in Dubai.
“I had to deliver termination letters to 15 engineers in my company. Most of them were drawing more than 10,000 dhs salary and the most senior among them was getting around 40,000 dhs. Ten of them are Indians and seven are from Kerala. I do not know when I will be asked to type my own termination letter,” fears Gafoor. As the recession had its first impact on the Gulf economy, the number of jobless was nearly 200 per week. But now it’s difficult to count, says a reporter in Dubai. “The government is taking tough measures to censor the news and authorities are trying their best to hide terrifying facts. As a result, rumours are spreading with wings,” he says on request of anonymity.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
IIPM Best B-school
IIPM
IIPM Global B-School
IIPM Alumni Official on Facebook
For More IIPM Info, Visit below mentioned IIPM articles.
PLANMAN CHE (Centre for Higher Education)
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
IIPM: History, and Founder Director Dr. M.K. Chaudhuri
IIPM New Delhi, The Indian Institute of Planning and Management, India
IIPM Placements New Delhi, India
IIPM New Delhi India
IIPM MBA Institute India
IIPM - International
Business and Economy - India's Most Influential Business and ...
Rankings IIPM, The Indian Institute of Planning and Management India
Management Certification, IIPM India
(IIPM) Management Education Institute India
Indian Institute of Planning and Management: IIPM New Delhi, India
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
