Abu Dhabi energy group Taqa is to cut dozens of jobs from its head office in the United Arab Emirates as it looks to make better use of its overseas staff.
The company, based in the Emirati capital, said it was cutting its workforce by 16% to 189 after an efficiency review.
The move is part of a bid to cut costs by more than £12million over the next year.
“The corporate centre has grown over recent years to enable us to manage TAQA’s businesses across 11 countries effectively,” said chief executive Carl Sheldon.
“Our commitment to pursuing excellence means we constantly review our cost base and monitor performance to ensure we deliver efficiently on our vision.
“As we become a more cohesive international group with greater capacity in Abu Dhabi, we are able to increase efficiency by leveraging our integrated global teams.”
The energy and water firm, which operates five North Sea platforms and the Brent pipeline, reorganised its US operations earlier this year to make more than £17million in annual savings, and sold off its stake in a Dutch pipeline operation.
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