The UAE Central Bank said that banks operating in the country have reduced the number of their employees by 1% due to the repercussions of the Coronavirus (Covid 19) pandemic.
The central bank revealed that banks have laid off about 415 employees, stressing that the financial sector in the UAE maintains its stability well, despite the repercussions that the pandemic has left on world economies.
At the end of last March, the UAE Ministry of Human Resources and Emiratisation issued a decision regarding the stability of employment in the private sector during the period of applying precautionary measures to limit the outbreak of the Corona virus. >
and the decision stipulated that the institution may not reduce the employee's salary or grant him leave without pay without the latter's approval.
and the ministry confirmed at the time that channels would be available that would enable the worker to file an official complaint against those who carry out these practices through the direct contact center with the ministry, or on the number 80060 or by applying it to phones Smartphone or its website.
