Monday 2 February 2009

Amlak restructuring on case-by-case basis

Dubai: Mortgage provider Amlak is set to restructure its workforce as the financial situation continues to bite into the real estate sector.

In a statement to the Dubai stock exchange, Amlak said the restructuring was "in line with current market conditions and on a case-by-case scenario".

While the company did not say whether this restructuring would involve any job cuts, it seems possible as other companies in the real estate business have been forced to do so.

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