KazMunaiGaz cuts 48% of headquarters management
15:06, 2 April 2012
ASTANA. April 2. KAZINFORM KazMunaiGaz National Co. (KMGZ), Kazakhstan's state-owned energy producer, cut 48 percent of management at its headquarters.
According to Bloomberg, KazMunaiGaz decreased total administrative personnel by 26 percent, the Astana-based company said in an e-mailed statement today, without giving the number of people fired. The company will reduce the administrative personnel in its units by an average 23 percent, KazMunaiGaz said.