Dubai World, the state-owned investor, yesterday downsized its staff strength by 10 percent, which includes 100 employees.
Dubai World, which monitors the ports operator DP World, mentioned in its statement that the decision involves 100 lower and mid-level employees of general services department of the group.
Several Dubai firms too, have announced lay-offs, ever-since the booming construction sector of the emirate has been hit hard by the global financial crisis.
By downsizing staffing levels, the group intends to make its operations more efficient, and prepare for growth opportunities in future, the Company said. Posted on 11/2/2009
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