Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

City7 cuts 90 jobs in Dubai

Posted: February 24th, 2009 | Author: | Filed under: By Location, UAE | Tags: , | No Comments »

The owner of City7, an English language TV station in Dubai, confirmed on Monday that 90 jobs have been lost, adding that there will be more emphasis on news and information in the future.

Mohi-Din Binhendi, president of Bin Hendi Enterprises, denied media reports last week that City7’s remaining 50 employees would have to take a 20 percent pay cut.

Read more about City7 cuts 90 jobs in Dubai (215 words, 1 image, estimated 52 secs reading time)