Nov 09 2008
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More job cuts' at Damac this week
The ex-employee told 7DAYS he had his contract terminated with immediate effect on Thursday after being summoned to the company's head office with all of his team. He puts the total number of staff to have been fired so far at 150.
"We had to sit in the canteen and they called us in one by one," the former sales employee said, claiming 50 people were dismissed on Thursday and 70 a day earlier.
"We had to read through a letter, sign it and then we were escorted off the premises," explained the source, who is awaiting his final settlement.
"We regret to inform you that due to internal restructuring within the department your services with Damac Properties have been terminated," the source quoted the letter as saying, claiming that senior management in sales and human resources had been been let go.
"They haven't adapted to how the market has been in any way," the source said, adding that sales in his team had been virtually "non-existent" and that he had received only three inbound telephone enquiries in the past three months.
Damac was not immediately able to comment on cuts to come this week, but in a statement CEO Peter Riddoch said: "The continuing global slowdown will inevitably lead companies to review their staffing levels and recruitment requirements. Damac Properties will continue to review its own position... and aim to ensure that it maintains its staffing levels accordingly."
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