In five-year term Pdvsa's payroll leaps by 89%; output dives 8%

[naaman fletcher]

The payroll of state-run oil holding Petróleos de Venezuela is getting bigger. The corporation does not only manages and controls the whole production of hydrocarbons in the country and takes part in many service-related activities, but also is the owner and operates third companies in the fields of agriculture and industry, outside its core business.

While the thicker payroll includes staff related to ongoing projects for future drilling at the Orinoco Oil Belt, the exponential leap of Pdvsa's workers has not been concomitant with increasing production numbers.

Pdvsa's reports show that in five-year term the payroll grew 89%, whereas drilling sank 8%.

The 2010 Management Report specifies that ending last year, Pdvsa had 99,867 workers; 98% more than 47,433 five years ago. Expatriated employees in 2010 amounted to 6,098, compared to 5,383 in 2009, a 13% hike.


http://www.eluniversal.com/2011/08/08/in-five-year-term-pdvsas-payroll-leaps-by-89-output-dives-8.shtml