Sanctioned Rosneft 'to shed quarter of HQ staff': report | Bangkok Post: news

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Sanctioned Rosneft 'to shed quarter of HQ staff': report

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MOSCOW - Russian state oil giant Rosneft, which has been hit by Western sanctions, will cut up to a quarter of the staff from its administrative headquarters in Moscow, the business daily Kommersant reported. 

Russia's President Vladimir Putin (2nd right) visits a refinery of Russian oil giant Rosneft in the Black Sea port of Tuapse in southern Russia, on October 11, 2013

"The company could cut 20 to 25 percent of the staff -- some 1,000 employees," the newspaper said, citing sources close to the company.

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