Home / NEWS / Deyaar axes 20% of staff

Deyaar axes 20% of staff

by James Boley on Oct 28, 2009

Be the first to comment

The news comes on the back of drops in profit at the developer

Dubai developer Deyaar has announced that it has laid off 20% of its staff following a review.

The cuts, the first made by Deyaar since the beginning of the financial crisis, were announced in a statement to the Dubai Financial Market.

"This rationalisation of resources has been carried out to support Deyaar's sustained growth and maintain its commitments to customers, partners and shareholders in the most efficient possible manner," said the statement.

Earlier this month, Deyaar had announced it saw a 74% drop in profits during Q3 2009, compared to Q3 2008.

FEATURED COMMENT

Please click here to comment on this article

COMMENTS


Name *
Email *
City
Country
Subject: *
Comments: *
Math Question: *
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.	Refresh the image if not clear
	Remember me on this computer