Saudi daily, Okaz, reported on Monday that Riyadh has taken measure to hold "Saudi Oger" giant, which is owned by former Lebanese PM Saad Hariri, accountable for delay in paying its employees’ salaries.
Saudi daily, Okaz, reported on Monday that Riyadh has taken measure to hold "Saudi Oger" giant, which is owned by former Lebanese PM Saad Hariri, accountable for delay in paying its employees’ salaries.
The daily said that the Saudi ministry of Labor has formed a committee to tackle the issue, noting that some Saudi employees at the giant complained that their salaries were delayed for four months.
Oger promised to pay the salaries of its employees after a committee was formed in Riyadh governorate to look in the problem, Okaz added.
The firm’s director-general has promised in an internal memorandum last month that Oger will pay the salaries of its employees, but the promise was not fulfilled, the Saudi paper added.
The delay in salaries payment was because of the country’s “budget” which was affected by the sharp drop in oil prices, Okaz quoted officials at Oger as saying.
“The situation of the firm is unstable, as several projects were removed from its agenda,” one employee at Oger told Okaz.
Oger is not Hariri’s only company that is suffering financial crisis. Employees in Future TV and Future newspaper in Beirut are also witnessing such an economic slowdown.