Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
DUBAI, United Arab Emirates (AP) — The Qatar Foundation says it is looking at possible job cuts, the latest Gulf entity to acknowledge being hurt by low global energy prices.
The foundation says in a statement Sunday it is "examining our existing operational costs," when asked if it was cutting jobs. It declined to elaborate.
News of the cuts was first reported by the website Doha News, which suggested the layoffs could affect hundreds of workers.
The Qatar Foundation, once widely known for its placement on the jerseys of the Spanish football club Barcelona, is chaired by Sheikha Moza bint Nasser al-Missned, the most high-profile wife of former ruler Sheikh Hamad bin Khalifa Al Thani.
Qatar, which will host the 2022 FIFA World Cup, is a major natural gas producer that also pumps crude oil.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
