JEDDAH: Saudi Oger: the company in a huge financial crisis — owes its employees salaries amounting to $800 million (SR3 billion), in addition to dues owed to contractors and exporters, and money to be repaid for loans from local and international banks. This has been revealed by the French and international media.
French employees at the company who have not been paid for nine months have filed suits against the company in French courts. A French lawyer is representing the 200 French employees working as engineers and managers of the company's projects in Jeddah, Riyadh, and Dammam.
Negotiations between the lawyer and the company reportedly have failed to lead to a resolution so far. Employees are demanding full payment of due salaries and compensation. Else, they will resign.
Saudi Oger, which is suffering tremendous losses, offered to pay dues for five and a half months only, but the lawyer rejected the offer.
Meanwhile, the French Embassy in Riyadh has been giving financial aid to the French employees to help them meet their expenses, including their children’s school fees until the issue is resolved.
French Foreign Minister Jean Marc Ayrault, who visited Lebanon on Monday, said the French government is communicating with officials in the Kingdom and at the company to resolve the issue.
He thanked Saudi authorities for their efforts and assistance to the French citizens.
Saudi Oger owes staff, partners SR3bn; Frenchmen sue company in Paris
Saudi Oger owes staff, partners SR3bn; Frenchmen sue company in Paris
