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Pemex Announces Over 3,000 Employee Layoffs Amid Restructuring - Blockchain & Cryptocurrencies Tabloid

  • Pemex, Mexico's main state oil company, announced over 3,000 employee layoffs on May 24, 2025, amid internal restructuring.
  • The layoffs respond to Pemex's continuing leadership change under Angel Cid Munguia and aim to reduce financial burdens through restructuring.
  • This restructuring intends to save up to 10.5 billion pesos by cutting more than 3,000 tenured positions, affecting employee welfare and operations immediately.
  • Markets have shown little reaction so far despite regulatory shifts adding uncertainty, while analysts view these cutbacks as vital for Pemex's survival.
  • Pemex’s actions highlight its urgent need to manage massive debt and sustain operations amid challenging economic and regulatory conditions.
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energy21.com.mx broke the news in on Thursday, May 22, 2025.
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