Etisalat looks to cut 300 UAE jobs
Operator to cut around 3% of UAE staff to save costs
Etisalat has announced that it will cut 3% of its staff to save costs, according to newspaper The National.
The operator is looking to shed around 300 jobs from its UAE staff of 10,460, to help control its AED 4 billion ($1.08bn) staff bill.
Faiez Awadh, Etisalat's senior vice president of human resources said that the cuts would be "focused on productivity, performance, age and redundancy factors".
"Etisalat has embarked on a limited employee retrenchment programme, which has impacted less than 3% of staff. Naturally, within a corporation which has been in existence for more three decades, we can expect an element of natural reorganisation to occur," he said.
The cuts would be focused on Etisalat's UAE operations, and the operator plans to continue to hire staff for its international operations.
Etisalat is facing rising competition in the UAE from du , the country's second largest provider, which has achieved a 37% share of the market as of the end of August.