(Bloomberg) --
Dubai International Financial Centre rolled out a plan to provide greater flexibility for employers and more protection to employees working within the tax-free business park.
The DIFC directive is effective from April 21 until July 31, according to a statement.
For Employers:
- Employers can now impose reduced working hours, paid or unpaid leave, reduced pay, restrict workplace access and put in place remote working conditions without the consent of their employees
- Any permanent changes will require employee consent
For employees:
- Any DIFC-based employee who contracts COVID-19 or has been quarantined by the local authorities will retain full remuneration
- COVID-19-related sick leave pay and any such sick leave shall not be counted toward annual sick leave entitlement
Dubai Financial Hub Regulator Proposes Relief Measures for Firms
The DIFC business park is home to the regional offices of banks including Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley.
Dubai to Ease Movement Curbs as Malls, Offices Slowly Reopen
The United Arab Emirates, which Dubai is a part, has 9,813 confirmed virus cases. The nation is easing virus-related restrictions.
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