Students have expressed their love for the milk’s taste, with many noting that their families also purchase it for home use
uae8 hours ago
It is not mandatory for Emirates Group employees to subscribe to the job loss insurance scheme.
The UAE made it mandatory for the employees working in the private sector, free zones and federal government entities to subscribe to the Involuntary Loss of Employment (ILoE) scheme from January 1, 2023. Those failing to subscribe by June 30 will face a Dh400 penalty. There will be an additional Dh200 penalty for not paying the due payment within 90 days.
An Emirates airline spokesperson confirmed that it is “voluntary for Emirates Group employees to sign up for unemployment insurance”.
Emirates Group subsidiaries include Dubai’s flagship carrier Emirates and airport services provider dnata. The group’s number of employees increased by 20.1 per cent, from 85,219 workers, to 102,379 at the end of the 2022-23 financial year as revenge travel helped the group to bounce back strongly.
For the financial year ended on March 31, 2023, the Emirates Group posted a record profit of Dh10.9 billion as compared with a Dh3.8 billion loss last year. The group’s revenue was Dh119.8 billion, an increase of 81 per cent over last year’s results.
Two plans were introduced under the ILOE scheme. In Category A, employees with a basic salary of Dh16,000 or below will have to pay Dh5 plus VAT per month (or Dh60 plus VAT for a year) for monthly compensation of up to Dh10,000 for three months maximum. For Category B, workers earning over Dh16,000 are required to pay Dh10 plus VAT a month (Dh120 plus VAT for a year) for monthly compensation of up to Dh20,000 for a maximum of three months.
ALSO READ:
The eligible employees will be compensated with a monthly cash benefit of up to 60 per cent of their average basic salaries for six months in case of loss of employment. It is also mandatory that the employee should be a legal resident of the country.
In case of job loss, the employee will be paid compensation every month, rather than one single payment of three months, after 12 months.
waheedabbas@khaleejtimes.com
Students have expressed their love for the milk’s taste, with many noting that their families also purchase it for home use
uae8 hours ago
People across the country can watch it live on December 2 on local TV channels, cinemas and selected public areas
uae11 hours ago
The tremors were not felt by UAE residents despite the country's close proximity to Iran
uae14 hours ago
He was a founding member of the Dubai chapter of The Institute of Chartered Accountants of India and once served as general manager of Khaleej Times
uae16 hours ago
No casualties were reported by authorities in Aurora province, but thousands of homes were damaged, and heavy losses were sustained
uae16 hours ago
Omar Al Marzooqi is determined to qualify for the 2025 World Cup in Switzerland; his next big goal is the 2028 Olympics
uae18 hours ago
Tamim Al Tamimi had some of his shots displayed at Duroor Nights, an event that celebrated the Duroor system and its profound impact on Emirati life, in Ras Al Khaimah
uae18 hours ago
The budget covers UAE-themed decorations, cash prizes, Emirati-themed photo corner, and giveaways such as chocolates and perfumes
uae18 hours ago