x Abu Dhabi, UAETuesday 25 July 2017

Dubai job cuts for oil services firm TD Williamson

The US-based pipeline-repair company says its customers are scaling back projects.

TD Williamson has cut unspecified number of jobs in Dubai as the US-based pipeline-repair company’s customers scale back projects.

“Many of our customers are scaling back their plans and projects for the foreseeable future,” Mike Benjamin, senior vice president of marketing and technology, wrote in response to questions. “As a result, we unfortunately have no choice but to do likewise, which will require reductions in spending and, in some cases, personnel.”

The Tulsa, Oklahoma-based company is the latest among firms cutting jobs in the UAE as the oil slump hurts growth in the region and pressures government budgets.

Last month, Etihad Rail let go about 30 per cent of its workforce and National Bank of Ras Al-Khaimah cut about 250 staff.

The company, which has offices in Dubai’s Jebel Ali Free Zone, has operations in Iraq and other parts of the region. Other oil services companies such as Weatherford International, Baker Hughes and Schlumberger have all had to lay off staff amid the global oil slump.

business@thenational.ae

Follow The National’s Business section on Twitter