KSA to reduce recruiting cost Bangladeshi workers

Date:

Post View:

KSA to reduce recruiting cost Bangladeshi workers

Saudi Arabia wants to reduce the cost of recruiting domestic workers it recruited from Bangladesh and other Asian countries.
Saudi Ministry of Human Resources and Social Development is working on such a development, a sources told to Al Eqtisadiah, a local newspaper Saturday.
The coronavirus pandemic has added to the cost of recruiting workers from overseas because of more expensive flight tickets and the need for PCR tests before travel.
Remittances from Bangladeshis in Saudi Arabia reached $4 billion in the last fiscal year, according to data from the Bangladeshi Bureau of Manpower, Employment, and Training (BMET)
Saudi authorities recently announced that a seven-decade-old sponsorship system, known as kafala, was to be abolished.
The reforms, due to come into effect in March, are aimed at making the Saudi labor market more attractive by granting more than 10 million foreign workers the right to change jobs and leave.
In January and February this year, around 1.29 lakh Bangladeshis travelled abroad for employment. At least 95,385 or 73.87 percent of them went to Saudi Arabia, according to the Bureau of Manpower, Employment and Training.
Saudi Arabia is rapidly introducing robotics and automation in all sectors, and even cleaning and maintenance jobs are being taken over by automation.
Between 70 and 80 percent of cleaners in the country are from Bangladesh and a large number of them are likely to be deemed redundant in the next few years, said the embassy report.

Bmirrorhttps://bmirror.net/
businessmirror20@gmail.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Islami Bank PLC promotes 6 officials as DMD

B Mirror Desk: Islami Bank Bangladesh PLC has promoted...

Islami Bank launched Three new platforms to facilitate investment diversification of investors in the capital market.

B Mirror Desk: Islami Bank Capital Management Limited (IBCML)...

Exim Bank holds interactive meeting with Hajj Agencies.

Exim Bank has arranged interactive Meeting with the proprietors...

Kohinoor Chemicals declared dividend.

Kohinoor Chemical Company (Bangladesh) Limited, a company listed on...