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01-Feb-2017

du restructures and sheds tens of jobs

du’s [DU.DU] CEO, Osman Sultan, has announced the redundancy of tens of employees as part of a restructuring plan the company had embarked on in April/May 2015, as the company seeks efficiency pockets. (Reuters)   du (DU): AED6.00 as of 31 Jan. 2017, Rating: Neutral, TP: AED6.02/share, MCap: USD7,474mn, DU UH/DU.DU   

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