The aftershocks of the global financial meltdown could shrink the GCC labour market by up to 30 per cent, according to an expert.
Dr Baqer Al Najjar, Professor of Sociology at the University of Bahrain, who was attending the 14th annual three-day conference on "Human Resources and Development in the Arabian Gulf", told Khaleej Times on the sidelines of the conference that the labour market in the GCC as a whole could see up to 30 per cent of its workers laid off, with the construction sector hardest hit.
"The job market in the Gulf countries is badly affected in real estate, construction, service, retail and wholesale sectors. The construction sector could reduce workers by up to 40 per cent due to the downturn," Al Najjar said.
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