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Wataniya Telecom on the Line

Wataniya Telecom has pulled the same move as Commercial Bank of Kuwait, Fire everyone and rehire, just to lower the costs. So the breakdown of the situation is simple.

They are giving presentations about the changes and open discusssions, for a little while. And a Wataniya Telecom employee has only 4-5 hours to decide if they will sign the new contract with the new terms, or else they will be terminated, fired, out of job, on the street.

They have lowered the basic salaries of a majority of the employees, but compensated for it in large allowances. Now they have changed the working days to 5 days instead of 6 days which is good, vacation days have improved. Bonuses are calculated at a lower rate because its based on the basic salary which has been lowered, but health insurance has been improved towards people with families and three days for compationate leave. They even added one week for weddings not included with your vacation, both male and female.

Overall its an interesting combination but they are putting their employees

Update: They only have two hours to sign or they are terminated