Qatar based-company to cut hundreds of jobs

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Qatar based-company to cut hundreds of jobs
The foundation says in a statement Sunday it is "examining our existing operational costs"

Doha - Qatar, which will host the 2022 FIFA World Cup, is a major natural gas producer

By AP

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Published: Sun 26 Mar 2017, 4:26 PM

Last updated: Sun 26 Mar 2017, 6:30 PM

The Qatar Foundation says it is looking at possible job cuts, the latest Gulf entity to acknowledge being hurt by low global energy prices.
The foundation says in a statement Sunday it is "examining our existing operational costs," when asked if it was cutting jobs. It declined to elaborate.
News of the cuts was first reported by the website Doha News, which suggested the layoffs could affect hundreds of workers.
Qatar, which will host the 2022 FIFA World Cup, is a major natural gas producer that also pumps crude oil.


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