Dubai builder ASGC group cuts 15% of its workforce
INDUSTRY

Dubai builder ASGC group cuts 15% of its workforce

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ASGC Group, one of Dubai’s largest builders, cut almost 15 per cent of its workforce as fallout from the coronavirus pandemic takes its toll on the Middle East’s construction industry. Almost 2,300 employees, including engineers and project managers, were dismissed this month, according to people with direct knowledge of the matter, who asked not to be identified because the matter is sensitive. The company was forced to reduce staff after revenue declined during the second quarter and some projects were delayed or halted, they said. The contractor has worked on some of the biggest developments in the emirate, including […]

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