China's largest oil and gas producer cuts jobs: state mediaChina National Petroleum Corp (CNPC CNPC China National Petroleum Corporation
CNPC Centro Nacional de la Productividad y la Calidad (Chile)
CNPC Commander, Navy Personnel Command
CNPC China National Philatelic Corporation (Chinese stamp authority) ), the country's largest oil and gas producer, is to cut 5 percent of its workforce as it seeks to control costs after a fall in profits, state media said Saturday.
The parent company of PetroChina employed 1.67 million people last year, the state-run China Daily said, which brings the number of job cuts to 83,500.
AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. was unable to confirm the group's total number of employees, and calls made to CNPC went unanswered.
The job cuts were announced at a recent annual meeting of company executives, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the newspaper.
The news comes after the group posted a 39 percent drop in first half profit to 56.4 billion yuan Yuan (yüän), river, 540 mi (869 km) long, rising in S Guizhou prov. and flowing generally NE to Donting lake, Hunan prov., SE China. Navigation above Changde is limited by rapids to small craft. (8.3 billion dollars), according to the National Business Daily.
Losses in refining operations and increased windfall tax windfall tax
a tax levied on profits made from the privatization of public utilities payments, the report said, led to the fall in profits.
Jiang Jiemin, General Manager of CNPC, told state media recently that the company planned to cut office costs, as well as entertainment and business travel spending by more than 10 percent this year.