Energy firm to slash UK jobs

Suzie Neuwirth
THE ABU Dhabi National Energy Company (Taqa) plans to slash UK jobs as part of its plan to streamline the business, City A.M. has learnt.

The energy investment firm, owned by the Abu Dhabi government, currently employs 556 people in the UK. Taqa said the job cuts would help “ensure Taqa’s sustainable future in the UK” and will mostly affect contractors and consultants, but could not confirm numbers until a strategic review is completed in a few weeks.