Iraq Cuts Its Foreign Work Force by 30%
From Reuters
BAGHDAD, Iraq —
This Persian Gulf nation cut its foreign work force by 30% last year, saving more than $50 million in hard currency, Industry Minister Hatim Abd al Rashid said.
In remarks published Saturday in Al Qadisiya newspaper, Rashid said his ministry also saved Iraq $100 million in hard currency by switching from imported to local raw materials.
Egyptians, estimated to exceed a million, make up more than 90% of Iraq’s foreign manpower.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
