Oman to Firms: Fire Expats, Hire Locals
According to the official data, more than a third of Oman’s 4.6 million residents are expatriates, the authorities tell state firms to fire ex-pats, hire locals.
According to Baaghi TV, the finance minister of Oman has issued orders to state companies to fire the expatriates and hire locals as part of it’s ‘Omanisation’ policy.
The state-owned news agency has reported that Oman’s finance minister told state companies on Wednesday to replace foreign workers with locals, as part of efforts to develop the national workforce.
The move is part of the government’s ‘Omanisation’ policy in order to improve the number and quality of jobs available for Omani citizens.
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Due to the pandemic, the oil prices and the economy has crunched badly putting a strain on the finances of Oman which is a relatively small energy producer with debt rated “junk” by all the major rating agencies.
Two weeks ago, the state barred private companies fired many Omanis to lessen the economic burden caused by the pandemic. It is reported that almost 7 lakh Indians in Oman will bear the brunt of this decision.
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The government has also urged private companies to ask the Non-Omani employees to leave permanently, a sweeping move in Oman, where more than one-third of the country’s 4.6 million residents are expatriates, according to official statistics.
Over the past few weeks, Oman – which as of Wednesday had registered 2,274 coronavirus cases and 10 related deaths – has announced budget cuts to stabilize the economy.
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