Bahrain Employment and Career News
Crisis affects construction sector in Bahrain; job losses likely
The construction and engineering sector in Bahrain is expected to face crisis, with several job losses, and projects getting stagnated, owing to the current unrest prevailing in the Gulf Kingdom.
If Bahrain is unable to arrive at a solution within the next week, there will be several job losses, salaries will be reduced, and cost-cutting strategies will be implemented, said Mohammed Salahuddin, the President of Mohammed Salahuddin Consulting Engineering Bureau.
He said that while companies have not been receiving new projects, the ongoing ones are getting delayed, and the payment for jobs done are also not being received.
Construction work is getting delayed due to the current unrest, as labourers fear to go to worksites. Several expat workers who went on leave are also unable to return, as their country is not allowing them to return.
Salahuddin pointed out that the Engineering and Construction sector is the largest in Bahrain that employs atleast a quarter of the population, including nationals and expatriates. Any reduction in their business, will affect the entire nation, and other sectors too will face the spill over effects.
Moreover, the value of properties would decline, while investors would be reluctant to invest their money into the nation, as they are unsure about what would happen next, he added.
He urged the authorities to take serious action and address the economic downturn.
Posted on 15/3/2011
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