- Pipeline-repair firm cut unspecified number of jobs in Dubai
- T.D. Williamson latest among firms cutting jobs amid oil slump
T.D. Williamson, Inc. has cut an unspecified number of jobs in Dubai after the U.S.-based pipeline-repair company’s customers scaled back projects amid a slump in oil prices.
“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 United Arab Emirates as the oil slump hurts growth in the region and pressures government budgets. Last month, Etihad Rail let go about 30 percent of its workforce and National Bank of Ras Al-Khaimah PSC 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 Plc, Baker Hughes Inc. and Schlumberger Ltd. have all had to lay off staff amid the global oil slump.