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Deyaar cuts staff by 20%
- United Arab Emirates: Monday, October 26 - 2009 at 13:27
Dubai-based developer Deyaar announced today that it has reduced its workforce by 20% following a review of its resources. 'This rationalization of resources has been carried out to support Deyaar's sustained growth and maintain its commitments to customers, partners and shareholders,' the company said in a statement. The company did not give a figure for the number of jobs that were cut, but it did say the redundancies were the first it has made since the onset of the global financial crisis.
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StaffMonday, October 26 - 2009 at 13:27 UAE local time (GMT+4)
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