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PERU: Petroperu Does Not Rule Out Staff Reductions

PERU
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  • "In an exclusive interview with RPP, the chairman of the board of Petroperú, Alejandro Narváez, acknowledged that they are currently going through an unstable economic situation. In addition, he assured that a reduction in the staff currently working at the company is not ruled out." (RPP)
    As a reminder, on Thursday we reported that Petroperu may consider offering a minority stake to private investors in the second half of next year, once the company starts to make a profit, new Chairman Alejandro Narvaez said in an interview with Reuters.
  • Narvaez also said that he doesn’t intend to seek further financial support from the government during his administration. He added that the company still needs financing, given liquidity problems, but dismissed the option of any new bond issuance.
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  • "In an exclusive interview with RPP, the chairman of the board of Petroperú, Alejandro Narváez, acknowledged that they are currently going through an unstable economic situation. In addition, he assured that a reduction in the staff currently working at the company is not ruled out." (RPP)
    As a reminder, on Thursday we reported that Petroperu may consider offering a minority stake to private investors in the second half of next year, once the company starts to make a profit, new Chairman Alejandro Narvaez said in an interview with Reuters.
  • Narvaez also said that he doesn’t intend to seek further financial support from the government during his administration. He added that the company still needs financing, given liquidity problems, but dismissed the option of any new bond issuance.