Friday 29 March 2024
 
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Zain to cut 2,000 jobs in major revamp plan

Kuwaiti mobile operator Mobile Telecommunications Company (Zain) will cut its 15,500 workforce by about 2,000 staff through to 2011 under a new revamp program aimed at cutting costs and boosting its margin, its chief said on Monday. Zain&#

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Damac axes 200 jobs as crisis hits property sector

Damac Holding, Dubai's largest private property developer, said on Tuesday it was cutting 200 jobs, or 2.5 per cent of its workforce, as the global credit crisis begins to hit the Gulf's real estate sector. Damac Properties, which

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