Dubai developer Nakheel cuts some staff salaries by up to 50%

DUBAI: Dubai state developer Nakheel has cut salaries by up to 50 percent to help it weather the coronavirus pandemic, according to an internal email.

A Nakheel spokeswoman confirmed that some wages were revised in April though did not say by how much. Nakheel’s long-serving chief executive Sanjay Manchanda stepped down on March 1 to pursue new opportunities, the spokeswoman also said.