Loading...
Loading...
Browse all stories on DeepNewz
VisitGazprom to Slash 40% of Saint Petersburg HQ Staff, Aiming to Save 50 Billion Rubles
Jan 13, 2025, 12:21 PM
Russia's Gazprom, facing financial difficulties due to the collapse of its European market, is planning to cut nearly 40% of its headquarters staff in Saint Petersburg. The proposed layoffs would reduce the number of employees from 4,100 to 2,500, aiming to save approximately 50 billion rubles ($485 million). This decision comes in the wake of Gazprom's first annual net loss since 1999, reported in 2023, and follows the end of gas transit through Ukraine, which has severely impacted the company's revenue. The layoffs are part of broader cost-cutting measures as Gazprom struggles to adapt to the loss of its primary market in Europe.
View original story
Markets
Yes • 50%
No • 50%
Gazprom's official announcements or verified reports from reputable news agencies
No • 50%
Yes • 50%
Gazprom's annual financial report or verified reports from financial news outlets
No • 50%
Yes • 50%
Gazprom's financial statements or verified reports from financial news outlets
70% to 90% • 25%
More than 90% • 25%
Less than 50% • 25%
50% to 70% • 25%
Gazprom's financial statements or verified reports from financial news outlets
Top 30 • 25%
Top 10 • 25%
Outside Top 30 • 25%
Top 20 • 25%
Market capitalization data from financial market data providers
Other • 25%
Asia • 25%
Middle East • 25%
Africa • 25%
Gazprom's official announcements or verified reports from reputable news agencies