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UK firm Atkins sheds 100 jobs as construction hit by tightening Middle East budgets
Construction companies are laying off staff as experts warn that the low cost of oil will continue to bite into budgets this year.
Last week the British engineering company Atkins became the latest construction-related firm to cut jobs in the region as it made about 100 of its 2,000 Middle East-based staff redundant because of worsening economic conditions.
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