Insurance firm terminates over 80 employees – 16,000 Kuwaitis to enter labor market in 2018

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KUWAIT CITY, July 6: An insurance company has terminated more than 80 Kuwaiti and expatriate employees according to the restructuring plan prepared by a global company, reports Al-Qabas daily quoting sources. Sources disclosed the company announced the decision to the concerned employees in an innovative manner as they were invited to a hotel where they discussed its work strategy and decision to terminate their services.

Meanwhile a study conducted by the Systems Development Department at the Civil Service Commission (CSC) revealed that about 16,000 citizens will enter the labor market in 2018 compared to 15,000 this year, reports Al-Anba daily. The study added 29,000 citizens are expected to enter the labor market in 2030.

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