'Job cuts' reported in oil and gas industry in UAE | GulfNews.com:
"A number of companies in the oil and gas industry in the UAE have shed some of its workers as they opt to reduce operational costs in the hopes of surviving the downturn, industry sources have confirmed.
The job cuts have affected employees with engineering background and those who worked on a contract basis. There is no specific data on how many businesses have trimmed down their workforce but concerns are high that there could be spillover effects into other sectors such as retail and hospitality.
A source also confirmed that banks are not hiring more than they used to and that they have now become more selective on recruitment. Jobseekers from abroad are also not finding it easy to find an employer in the UAE."
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