‘Changing Tack’: Saudi Arabia Cushions Labor Reform with New Hours, Subsidies

A new draft labor law in Saudi Arabia “would limit working hours at companies to entice new employees” and includes adjustments to recent rules, according to a Reuters report.

That report, a thorough look at Nitaqat reform in the Kingdom, found that reforms have had mixed results:

"The reforms so far have slowed the economy and slashed profits at some firms, interfering with other policy goals such as diversifying the economy beyond oil. They boosted the number of Saudis in the private sector, but many workers have not been effective or only stayed in their jobs for a few weeks."

[Read the full report from Reuters]





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