Dubai Consumer Mirror

Tuesday, December 23, 2008

Dubai: New Bank Lows

Is when your employer has plans to fire you, and wake up the next day to find out that your soon-to-be-ex-employer has coughed up millions of dirhams for what basically is, a street sign.

Classy ...

7 Comments:

  • Ouch ...

    By Blogger D, at December 23, 2008 at 8:40 AM  

  • You're kidding! LMAO!

    I can imagine the riots below the FGB station!!

    What a ridiculous name though.

    You reminded me of something, remind me to share it when we meet!

    By Blogger KJ, at December 23, 2008 at 9:49 AM  

  • i bet you anything the guy behind this "marketing investment" is NOT on the Axe-list

    By Anonymous Anonymous, at December 23, 2008 at 1:33 PM  

  • Ok Mory, I am going to play the devil’s advocate here. The staff are liable to be laid off because there is no more work for them. Projects are getting cancelled. Investments and mutual and hedge funds are getting less and less frequent. But part of the bank is still functioning, it has an ongoing operation, and it probably needs the promotions. So realistically I’d look at these two events separately.

    I do empathize with those who might lose their job, though. it must suck to wake up every morning not knowing whether you’re still going to have your job by the end of the day or not. :/

    By Blogger DUBAI JAZZ, at December 23, 2008 at 5:15 PM  

  • DJ - I see your point and I hear you. However, the post isn't really about how inefficient this organization is in handling tough transitional time.

    Its dedicated towards those poor souls who are misfortunate enough to work for a company that has no regards to its most valuable asset, its people.

    Imagine yourself a First Gulf bank employee that became redundant. I very much doubt you will have the same 'objective' stance.

    By Blogger moryarti, at December 23, 2008 at 8:36 PM  

  • Ummmm.. I wish you and the Mory family a Merry Christmas! :)

    By Blogger rosh, at December 25, 2008 at 5:17 PM  

  • I see Moryarti's point because it's obvious you could save money off the advertising and not fire staff.

    On the other hand, banking works on trust and by naming a whole station after their bank then they are investing in their future and hence in the overall welfare of the bank, which is great!

    If FGB goes bust in a few years, I doubt they'll get their money back off the station, and that metro stop will be a laughingstock.

    By Blogger BuJassem, at December 27, 2008 at 12:03 AM  

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