The Right to Respond: “The Hayel Saeed Group Is OK!” [Archives:1999/18/Local News]

In its issue number 17 of Volume IIX dated 25th April, the Yemen Times published a story about the Hayel Saeed Group of Companies, and another business group. While the story was mostly factual, there are a couple of corrections we want to make.
1.Future Investments:
We in the Hayel Saeed Group of Companies continue with our commitments to contribute to the development and construction of Yemen. We view our investments in Yemen on a long-term basis, and our decisions are not made on a purely profit-incentive basis. That is why we will continue to be one of the driving forces of the nation’s growth and development.

2.Employees:
Indeed, a small number of employees have been laid-off by the Hayel Saeed Group of Companies. But the main reason for the termination of service of the majority of these people was the fact that they have reached retirement age. As the Yemen Times kindly appreciates, Yemeni law stipulates a certain minimum and maximum working age. This was the basic reason for laying-off some employees recently.
We hope the above two corrections will shed light on the situation. The Hayel Saeed Group of Companies continues in its growth and expansion, and we continue to lead the development process of Yemen.

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