Company is Shutting Down

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gonzruleGuest22 November 2012 04:21:31

214245

Hi Guys,

I was hoping if you could all help me out. I've worked here for about 4 months now, and I fear that my company is shutting down in 2 months. There has been a large scale of attrition in the office, and I fear more will follow. My questions are:

1. What are my benefits and what should I expect if I were to be terminated prior to shutting down per se?
2. What should I expect if the company declares bankruptcy?

Thank you,

gonzrule

TheLegendLeads ViP

Member since 06 April 2010

"The cure for boredom is curiosity. There is no cure for curiosity." -- Dorothy Parker

TheLegendLeadsViP22 November 2012 13:25:12

5763

They'll allow you to look for as job and transfer your sponsorship paying you all your salaries (if any unpaid yet).

As of end-of-services (EoS) benefits: With 4-6 months of job, you don't qualify for any EoS. It starts with 2 years of tenure completion.

gonzrule Guest

gonzruleGuest23 November 2012 08:20:55

214245

After all I've been through in KSA, I don't think I want to work here anymore. If you would be kind enough to shed some more light, my follow up question is, Isn't there any severance/separation pay/settlement? I have a contract of two years, and I have only been here for 4 months. What is the computation for final settlement?

Freshlikesushi ViP

Member since 14 March 2012

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If you need help, please send a message!

FreshlikesushiViP23 November 2012 09:21:19

1455

what you are owed for hte last month of payment are your only entitlements

TheLegendLeads ViP

Member since 06 April 2010

"The cure for boredom is curiosity. There is no cure for curiosity." -- Dorothy Parker

TheLegendLeadsViP23 November 2012 09:55:20

5763

Freshlikesushi wrote:
what you are owed for hte last month of payment are your only entitlements

gonzrule Guest

gonzruleGuest24 November 2012 02:35:12

214245

That is it? So basically, it is only my salary that I can expect, nothing more. Not even severance pay? This is not the case in my home country.

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