SOCAR to Conduct Structural Changes in Company

Source: www.gulfoilandgas.com 12/29/2013, Location: Asia

Under the relevant orders of SOCAR President, starting from January 1, 2014, institutions with no legal entity status of Oil Pipelines Department, Complex Drilling Works trust, and Geology and Geophysics Department will be renovated.

The structural changes aim at moving to one-stage management system from two-stage management. After the changes, the structure of the enterprises will consist of management and production units which will allow increase in managerial flexibility and efficiency and simplification of administrative procedure.

Structural changes do not aim at redundancy of production workers. Due to liquidation of doubling positions of engineering and technical staff, some employees can be dismissed in case if they cannot be employed for other positions in the Company. In accordance with the agreement with the Trade Union of the Oil Industry Workers, the redundancy award paid to the dismissed employees will make 5 wages.


Russia >>  6/16/2022 - Enel S.p.A. ("Enel") informs that the agreements related to the sale of its entire stake in the share capital of PJSC Enel Russia (“Enel Russia”) have...
South Korea >>  6/13/2022 - CGG announced that Sercel has sold a complete marine seismic acquisition system to HJ Shipbuilding & Construction, a South Korean shipbuilding leader....

Kazakhstan >>  6/7/2022 - Chevron Corporation (CVX), through its subsidiary Chevron Munaigas Inc. (Chevron), and JSC NC “KazMunayGas” (KMG) have announced a memorandum of under...
Russia >>  5/31/2022 - As of the end of the working day on May 30, Gazprom Export did not yet receive a payment from GasTerra B.V. for the gas supplied in April, which was t...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.