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Wednesday, 19 July 2017

Qatar LNG company postpones layoffs amid diplomatic crisis

Qatar LNG company postpones layoffs amid diplomatic crisis:

"Majority state-owned Qatari gas producer Rasgas has postponed a round of job cuts after the diplomatic crisis which erupted between Qatar and its neighbors in early June, people familiar with the matter have told Reuters. Staff at Rasgas were told earlier this year that they would be laid off in June, with the job cuts following last year's decision to merge RasGas with Qatargas, the two liquefied natural gas divisions of Qatar Petroleum [QATPE.UL]. But in a company email last month staff were informed that the job cuts had been delayed, two Rasgas employees said."



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