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
Company is Shutting Down
gonzrule
22 November 2012 06:21:31
0
TheLegendLeads
22 November 2012 15:25:12
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
23 November 2012 10:20:55
0
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
23 November 2012 11:21:19
1455
what you are owed for hte last month of payment are your only entitlements
TheLegendLeads
23 November 2012 11:55:20
5763
Freshlikesushi wrote:what you are owed for hte last month of payment are your only entitlements
+1
gonzrule
24 November 2012 04:35:12
0
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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