{"id":12854,"date":"2016-05-12T22:18:45","date_gmt":"2016-05-12T15:18:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=12854"},"modified":"2016-05-12T20:43:25","modified_gmt":"2016-05-12T13:43:25","slug":"saudi-binladin-to-lay-off-another-14000-staff-bringing-total-departures-to-69000","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-binladin-to-lay-off-another-14000-staff-bringing-total-departures-to-69000\/","title":{"rendered":"Saudi Binladin to lay off another 14,000 staff, bringing total departures to 69,000"},"content":{"rendered":"


\nSaudi Binladin Group has confirmed that it is working on processing final payments for about 14,000 workers that will allow them to leave the company within the next month, following on from the recent departure of about 55,000 staff.The company, which had employed more than 200,000 staff before its recent troubles, had previously terminated the contracts of more than 35,000 employees, who “were repatriated to their home countries upon receipt of their full due payments”, a spokesman for the contractor’s parent firm, Binladin Holding Co (BHC), told The National.Alongside this, about 20,000 workers had resigned from the firm and had their work permits transferred to other employers.”The group is currently working on ending the services of the remaining batches, estimated at around 14,000 employees, and processing their due payments,” the spokesman said. “This entire programme is expected to complete by the end of May, early June 2016.”The spokesman also said that it had completed payments to about 10,000 staff who had been owed wages following a recent intervention from the Kingdom’s Ministry of Labour. It said it would pay overdue wages to remaining employees “as the required cashflows from our clients” filter through to it.Saudi Binladin is the Kingdom’s biggest contractor and had been entrusted with its most prestigious work for decades, including the upgrade of the Grand Mosque in Mecca. However, it was banned from bidding for new work after a crane collapsed at this site last September, killing at least 109 pilgrims.The company also suffered after the government halted payments to contractors and delayed the launch of new tenders as it assessed its position ahead of the recently-announced Vision 2030 National Transformation Plan.Many of the company’s workers had complained that they had not been paid for months and following initial layoffs several company buses were set on fire in Mecca earlier this month.BHC’s spokesman blamed “delays by clients in settling approved entitlements and payments” for delays in payments to workers. “There are various efforts being undertaken to address this issue and we remain hopeful [these will] be resolved soon,” the spokesman said.Many construction companies working for government clients in the Kingdom had also reported issues with delayed payments, but the situation appears to have eased in recent weeks. Last month, the chief executive of Dammam-based contractor Al Khodari said the government had started to release payments, “mainly at the end of the first quarter”.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Saudi Binladin to lay off another 14,000 staff, bringing total departures to 69,000<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Binladin Group has confirmed that it is working on processing final payments for about...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-12854","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3lk","jetpack-related-posts":[{"id":11822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-binladin-says-dismissed-77000-expatriate-workers-received-full-compensation\/","url_meta":{"origin":12854,"position":0},"title":"Saudi Binladin says dismissed 77,000 expatriate workers received 'full compensation'","date":"May 2, 2016","format":false,"excerpt":"\r The Saudi Binladin Group said dismissed workers received \"full compensation,\" responding to local media reports that it fired thousands without pay. It described the job cuts as a routine measure amid a slowdown in the construction industry.\"Adjusting the size of our manpower is a normal routine, especially whenever projects\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":168444,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-finance-ministrys-stake-in-binladin-group-to-rise-above-86-report\/","url_meta":{"origin":12854,"position":1},"title":"Saudi finance ministry\u2019s stake in Binladin Group to rise above 86% \u2013 report","date":"December 29, 2025","format":false,"excerpt":"\r Holding in the kingdom's largest construction firm increased as government seeks to stabilise a company crucial economic diversification plans The post Saudi finance ministry\u2019s stake in Binladin Group to rise above 86% \u2013 report appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/12\/construction-cranes-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13248,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jeddah-tower-future-worlds-tallest-building-delayed-after-contractor-problems\/","url_meta":{"origin":12854,"position":2},"title":"Jeddah Tower: Future world's tallest building delayed after contractor problems","date":"May 16, 2016","format":false,"excerpt":"\r The developer behind the 1km-high Jeddah Tower, set to be the world's tallest building, has said that it is looking to get back up to speed after funding issues with contractor Saudi Binladin Group caused delays. Hisham Jomah, the chief development officer of Jeddah Economic Company, confirmed that the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28519,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-binladins-cash-flow-crisis-starts-to-ease\/","url_meta":{"origin":12854,"position":3},"title":"Saudi Binladin's cash flow crisis starts to ease","date":"October 4, 2016","format":false,"excerpt":"\r The cash flow crisis that has engulfed Saudi Arabia's biggest builder, Saudi Binladin Group, has started to ease with much-needed payments from the kingdom's finance ministry filtering through. The Wall Street Journal had reported that payments of between US$800 million (Dh2.9 billion) to $1.1bn had been made to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22291,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-chief-says-situation-with-unpaid-filipino-workers-in-saudi-blown-out-of-proportion\/","url_meta":{"origin":12854,"position":4},"title":"Arabtec chief says situation with unpaid Filipino workers in Saudi 'blown out of proportion'","date":"August 8, 2016","format":false,"excerpt":"\r The chief of Arabtec Construction pledged to pay all Filipino workers employed by a Saudi joint venture contractor in full.Raja Hani Ghanma, the chief executive of UAE contractor Arabtec Construction, has said the plight of the workers had \"been blown out of proportion\".The National reported last week that the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jeddah-tower-going-ahead-after-saudi-corruption-purge\/","url_meta":{"origin":12854,"position":5},"title":"Jeddah Tower going ahead after Saudi corruption purge","date":"February 8, 2018","format":false,"excerpt":"\r Binladin remains main contractor despite financial pressures\r \r Source : arabianbusiness.com\r Read more...Jeddah Tower going ahead after Saudi corruption purge","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12854"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=12854"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12854\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=12854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=12854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=12854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}