When the senior management of China Petroleum released the semi-annual report on August 28th, 20021,it was clearly stated that in order to reduce the rapidly rising labor cost, it was planned to reduce the total number of employees by 5% in the next three years, and the total number of layoffs by 5% may exceed 80,000 in the next three years.
This year, the Tianjin and Hebei branches of PetroChina North China Company first carried out personnel adjustment and abolition. At the same time, it is confirmed that PetroChina Beijing Company will lay off 1 10,000 people.
PetroChina South China Sales Company completed the organization streamlining in the early stage and cancelled the establishment of the following "prefecture-level" companies.