The Vice President General Manager of the Sonatrach Complex in charge of liquefaction and separation activities, Nasruddin Fotouhi, stressed that workers’ gains “will not be affected by the process of rationalizing spending” which was imposed by the repercussions of the Corunavirus.
According to the Algerian News Agency, Nasruddin Ftouhi said in a statement in a ceremony honoring a group of employees and staff of the National Petroleum Complex that “the work environment, workers’ earnings, and the number of workers and wages remain preserved”.
In this regard, Ftouhi explained that “for Sonatrach, the results for the year 2019 were satisfactory”, noting that “the year 2020 will indeed be difficult for energy sector companies”.
The fall in prices and global demand due to the COVID-19 pandemic adversely affected Sonatrach’s revenues, which adjusted its budget.
In this context, the Vice President-General Manager explained that the project dedicated to budget effectiveness led by Sonatrach aims to reduce operating budgets by 30 % until December 31, 2020.
Ftouhi added, “We started working with a team that would go through the various units to cancel, reduce or rationalize some of its expenses”, noting in this regard that “the work environment and all the gains of the workers in terms of food and transportation will not be affected”.
“Sonatrach’s social role will also carry on despite the COVID-19 pandemic”, Ftouhi added.
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