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Dubai property giant Emaar says reviewing jobs

Thu Nov 13, 2008 1:25am EST

DUBAI, Nov 13 (Reuters) - Dubai's Emaar Properties EMAR.DU, the Gulf Arab region's largest property developer by market value, said on Thursday it was reviewing its jobs policy in light of the global financial turmoil.

"It is now crucial that we use efficiency and maximize productivity, which includes revisiting our recruitment policies and optimising human resources," Emaar said in a statement responding to a Reuters question on potential job cuts.

Emaar said it would it would look to reorient its growth strategies and align its business models to "tackle new realities."

The company did not give further details on the extent of the job review.

Emaar shares, down nearly 80 percent this year, were down 8.61 percent to a four-year low at 3.08 dirhams a share at 0619 GMT.

(Reporting by John Irish; editing by Thomas Atkins)



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