Russian energy giant Gazprom might quickly lay off some 1,600 supervisors in an effort to cut payroll costs, St.
Petersburg media reported Monday, pointing out a letter from a board member to the companys CEO Alexei Miller.The proposal comes as Gazprom faces a sharp wartime slump, with its gas trade to Europe when its main market collapsing in the wake of Russias invasion of Ukraine.
In 2023, Gazprom posted its very first annual net loss given that 1999.
Yelena Ilyukhina, deputy chairwoman of Gazproms management board, highlighted in a Dec.
23 letter to Miller that the companys management staff at its St.
Petersburg headquarters had grown to more than 4,100 individuals over the past 2 decades.According to the letter, published by the local news outlet 47news.
ru, payroll expenditures at Gazproms headquarters overall over 50 billion rubles ($486 million).
Ilyukhina proposed minimizing the number of managers to 2,500 and required optimization proposals to be sent to Miller by Feb.
15.
Gazproms deputy chairman, Sergei Kupriyanov, confirmed the letters credibility to Forbes Russia but decreased to supply additional comments.It remains uncertain whether Miller will approve the proposed layoffs.Gazprom saw its shares plummet to a 16-year low last month, simply weeks before an agreement that had actually allowed Russian gas to stream to Europe through Ukraine was set to end.