Petroleos de Venezuela Freezes Salaries

摘要

Venezuela has frozen oil workers' salaries and reduced directors' incomes by 20% in a bid to cut costs by 40%. In a video conference on Friday, Energy Minister Rafael Ramirez urged all 74,822 employees of Petroleos de Venezuela (PDV) to show "solidarity" in order to keep the company going in the face of a severe economic crisis and a steep drop in oil prices.