Posted in | News

Russia's Leading Petrochemicals Company Implements Cost Saving Measures

Feb 18 2008

Related Stories

SIBUR has resolved to optimize the staffing level of the management company SIBUR LLC to cut the administrative costs and impel executives to a more careful labor budgeting. All the optimization measures are aimed at the increase of SIBUR operational efficiency and competitiveness on domestic and international markets.

President Dmitry Konov said: "SIBUR is adopting standard codes of management both for local enterprises and central office of the holding. Among other things, this refers also to the management of the personnel resources".

The first step would be cutting 10% of jobs at SIBUR LLC in 2008 through the elimination of backup job duties, redistribution of functions between the central office and regional enterprises, and abolishing of current vacancies. The company would shed 4% of the manning table as early as February.

This being the case, the central office keeps increasing the work load and the number of investment projects.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback