Saudi Builder ‘Binladin’ Ousts 50,000 Staff

Binladin GroupKABUL: (MEP) Construction Company Saudi Binladin Group has expelled about 50,000 staff, as pressure on the industry rises amid government spending cuts to survive an era of cheap oil, Saudi newspaper al-Watan quoted unnamed sources as saying on Friday.

Binladin has employed 200,000 over the past decade.

The dismissed workers are all apparently foreigners – and given them permanent exit visa to leave the kingdom, according to the source.

The paper said the workers refused to leave the country without getting paid and some had not received wages for more than four months. They were protesting in front of the Binladin’s offices in the country almost daily, the paper added.

The company is run by the Bin Laden family, which has close ties with Saudi Arabia’s ruling family. Known as the second largest construction company in the world after French firm Vinci Construction, the Jeddah-based conglomerate was founded in 1931 by Sheikh Mohammed bin Laden, the father of al-Qaeda’s slain leader Osama bin Laden. In the 1990s, Osama bin Laden was purportedly disowned by the family.

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