In 2015 BP oil and gas company will freeze raise of salaries to reduce the costs against the background of slump of oil prices, Financial Times quoted Robert Dudley, BP President, as saying his employees.
In 2016 he promised that the salaries will be raised as usually.
Salary makes major part of BP’s operation costs.
According to Reuters, in 2013 the company paid its 83,900 employees a little less than $14 billion as salaries and pensions.
In early January the company said that it will reduce 200 positions in the staff and 100 contract positions.
According to the restructure plans, the company plans to sell assets worth $10 billion by 2016.
The company usually raised salaries of its employees by in average 3-5% a year.—0—
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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