Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

TAQA Cuts 16% of HQ Staff

change text size

Abu Dhabi National Oil Company (TAQA) announced Thursday that it will shed 16-percent of staff employed at the company’s headquarters.

As part of a move to reduce general and administrative costs by more than $20 million in 2014, the firm will see its headcount at its Abu Dhabi HQ reduced to 189 people.

"The corporate center has grown over recent years to enable us to manage TAQA's businesses across 11 countries effectively. Our commitment to pursuing excellence means we constantly review our cost base and monitor performance to ensure we deliver efficiently on our vision," TAQA CEO Carl Sheldon said.

"As we become a more cohesive international group with greater capacity in Abu Dhabi, we are able to increase efficiency by leveraging our integrated global teams."

TAQA pointed out that earlier this year a two-phased reorganization of its North American oil and gas business delivered improved performance form a simpler structure, with $28 million in annual general and administrative savings.

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Centrica Comes Up Dry near Ula Field (Jul 23)
 -  Ruspetro Conducts Successful Flow Test... (Jul 23)
 -  Kongsberg Bags $53M Contracts from Chi... (Jul 23)
 -  Leni Finds More Oil with 4th Goudron D... (Jul 22)
 -  Puka-3 Well Spuds Onshore New Zealand (Jul 22)
Most Popular Articles
From the Career Center
Jobs that may interest you
District Manager
Expertise: Business Development, Operations Manager, Safety Officer
Location: Rife,, CO
 
Executive Administrative Assistant
Expertise: Secretarial or Administrative
Location: Houston, TX
 
IPM Data Analyst
Expertise: Secretarial or Administrative
Location: Houston, TX
 
search for more jobs