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What is the impact of falling oil prices on the OPEC job market?

What to expect and how to prepare?

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Question added by Nitin Chandran
Date Posted: 2015/01/31
Mohammed Thiab
by Mohammed Thiab , Founder / Chief Consultant , MV Consulting

Having worked in Saudi Arabia for20+ years, my observation would be the quick response private businesses respond/react to such news in light of the declining capital investments coming from the government side

Akhter Mehmood
by Akhter Mehmood , Station Coordinator at Radio Dhamaal fm94 Sialkot , Global Entertainment Pvt Ltd

It will effect job market and if prices remain on same level or further fall down it will cross boundaries of OPEC countries.

د Waleed
by د Waleed , Management - Leadership-Business Administration-HR&Training-Customer Service/Retention -Call Center , Multi Companies Categories: Auditing -Trade -Customer service -HR-IT&Internet -Training&Consultation

I would say that the falling of oil prices may affect OPEC job market depending on the period of that price's fall;In General, and in the case of long term, it may affect OPEC BY:

1. Cutting down Job's offers

2. Holding back any forecast Jobs opportunities

3. Jobs' offering may be at low wages rates

 

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