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More than two-thirds of Saudi citizens working for one of the kingdom’s largest employers have been sacked, amid an ongoing economic crisis sparked by low oil prices.

Saudi daily Al Watan reported on Monday that 12,000 of 17,000 Saudi employees had been fired at the Binladin Group construction firm.

The Saudis had been employed as engineers, administrators and inspectors, according to Watan.

The newspaper cited an unnamed company official who said that in addition to the Saudi sackings, 77,000 out of 200,000 foreign workers had been fired and given permanent exit visas to leave the kingdom.
http://www.middleeasteye.net/news/over-10000-saudis-fired-struggling-construction-giant-binladin-362509602