Apple of my Eyes

Sunday, February 24, 2008

Good News?

I received a lot of calls, emails and YM messages yesterday from our friends here asking If I already read the newspaper. I checked the newspaper's website and read what they were talking about. It's an announcement from the company where my husband is presently employed. It's a good news actually but it's so good to be true and at the same time there's no announcement coming from the company itself. Here's the news ;

January 23

The XXXX announced it would give all of its employees, foreign and domestic, a bonus equivalent to six months salary. The state-owned utility company would also increase housing allowances from 20 percent of their total monthly salary to 25 percent.
According to the daily Al-Watan newspaper, the XXXX board also decided to raise the minimum allowance for housing to SR15,000 annually to ensure their lower paid workers can cover rent.
The utility company will also institute an incentive for workers by giving bonuses to exceptional performance. The XXXX employs about 28,000 workers, of which 84 percent are Saudis, according to statistics from 2006. The raises take effect next month.

If this is true, well that's a lot of money..hehehe. But the increase in housing allowance is true and they already received a memo from the office about it.

Posted by Ann :: 6:20 AM :: 0 Comments:

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