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EGA says to cut 4 per cent of workforce

The initiative includes a reduction of approximately 250 support positions, or four per cent of the group's headcount.

Dubai: Emirates Global Aluminium, or EGA, on Thursday announced a strategic restructuring initiative designed to create a leaner support model for its expanding operations in the UAE and around the world.

The move builds on the integration of EGA’s operations across the UAE and takes place as the group accelerates its programme of growth and investment across the value chain, including the development of a bauxite export mine in Guinea and the initial stages of construction of a new state-of-the-art alumina refinery in Abu Dhabi, which is expected to begin operations in 2017. The refinery is expected to employ more than 600 people, with a strong focus on creation of opportunities for UAE Nationals.

The initiative includes a reduction of approximately 250 support positions, or four per cent of the group’s headcount, as part of a comprehensive programme to maximise efficiency. The move will enable EGA to maintain and increase its competitiveness as one of the world’s leading companies, supplying high quality metal to over 350 customers worldwide.

Abdulla Kalban, EGA Managing Director and Chief Executive Officer, said: “This initiative strengthens EGA by fully integrating and streamlining support functions across the company to continue supporting our operational success and positions us for further growth. Our goal is to be the leading aluminium company globally, with high performing assets across the value chain, serving our customers worldwide, while contributing to the growth of the sector and the diversification of the UAE’s economy.”