Nakheel cuts jobs as Dubai reels from financial crisis – Times Online

The Times (UK) reports
“Nakheel, the government-owned developer of Dubai’s man-made palm islands, has cut 500 jobs, or 15 per cent of its workforce, as it scales back projects amid the global financial crisis. “We have the responsibility to adjust our short-term business plans to accommodate the current global environment,” it said in a statement.”

SOURCE: Times Online.com – Nakheel cuts jobs as Dubai reels from financial crisis

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