Dubai World lays off 100 employees

10 February 2009
Dubai World, the government owned investment vehicle, has made 100 employees of its corporate services division redundant as a result of the impact of the global economic slowdown.

The company, which has investments in DP World, Nakheel, and Jebel Ali Free Zone, said the lay offs represent 10 per cent of the workforce in the department, which a central department providing services across the group.

In a statement, Dubai World said the redundancies “follow a prolonged period of intense business expansion. In reviewing staffing levels the group aims to bring new efficiencies in its operations”.

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