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.
12 Articles
12 Articles
Pemex Reduced Drop in Crude Oil Production
The production of liquid hydrocarbons from Mexican Petroleum (Pemex), not counting private partners, in April averaged one million 611 thousand barrels per day, a fall of 8.82 percent compared to the same month last year, according to data from the public company.
Pemex Will ‘Scissor Out’: 3,000 Workers Will Be Fired for Restructuring
The new vision of vertical integration of Petróleos Mexicanos (Pemex) will require the liquidation of at least 2,964 workers, according to an internal document that El Financiero had access to.It is estimated that due to this restructuring, the amount destined for the liquidations exceeds 4 billion pesos.All the workers that will be liquidated will be places of confidence, since 100 percent of the unionized employees will be respected, can be re…
Pemex Announces Over 3,000 Employee Layoffs Amid Restructuring - Blockchain & Cryptocurrencies Tabloid
Mexican oil giant Pemex plans significant layoffs to cut costs and restructure operations. The post Pemex Announces Over 3,000 Employee Layoffs Amid Restructuring appeared first on Blockchain & Cryptocurrencies Tabloid.
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