KazMunaiGaz cuts 48% of headquarters management

ASTANA. April 2. KAZINFORM KazMunaiGaz National Co. (KMGZ), Kazakhstan's state-owned energy producer, cut 48 percent of management at its headquarters.

According to Bloomberg, KazMunaiGaz decreased total administrative personnel by 26 percent, the Astana-based company said in an e-mailed statement today, without giving the number of people fired. The company will reduce the administrative personnel in its units by an average 23 percent, KazMunaiGaz said.

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