Taqa targets $20m savings with HQ restructure:
"Abu Dhabi National Energy Company (Taqa), an international energy and water company, aims to reduce general and administrative costs by more than $20 million in 2014 with a reorganisation at its headquarters.
“The corporate centre has grown over recent years to enable us to manage Taqa’s businesses across 11 countries effectively,” said Carl Sheldon, chief executive officer.
“Our commitment to pursuing excellence means we constantly review our cost base and monitor performance to ensure we deliver efficiently on our vision.”
As part of the reorganisation, the headquarters workforce will fall by 16 per cent, reducing the headcount in the corporate centre to 189."
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