Taqa North cuts staff by 5%
- United Arab Emirates: Tuesday, January 29 - 2013 at 05:32
Taqa North, the Canadian unit of Abu Dhabi National Energy Co (Taqa), has said it has laid off 50 of its 950 employees, as it restructures its operations in the country, Reuters has reported. The company, which produces nearly 90,000 barrels of oil equivalent per day from oil and gas fields in Western Canada, said the layoffs were a result of it consolidating operations and were not in response to low Canadian oil prices. "We had a north asset, a south asset and a central asset," said Leroy McKinnon, a spokesman for Taqa North. "Our leadership wanted go to more of a functional structure."
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