Yesterday I went to the airport to see off my friend, who was going back to India. It was not a happy event as he had been terminated as part of the downsizing in his company due to the global recession blues.
Along with him, there were 4 others from the same company. When asked one of them told me that there were about 50 staff under the threat of termination. These men were hired by the same company only 2 years back from India and they had to pay around INR.50000 (KWD.300 or USD 1000) for getting the visa to the agents.
When inquired about the terminations due to recession with other friends, it was told that there were similar incidents in almost all the companies. This ranges from 5% to 20% of the total employees.
Kerala, a southern state in India, one of the largest exporter of manpower to the gulf countries have already faced a major hit due to the recession and the increasing gulf returns.
The manpower exports union estimates that about 500,000 workers will be forced to return to Kerala in a few months.