“Rosneft” will reduce every fifth employee of the Central apparatus

“Rosneft” in the conditions of unstable market situation continues to search for new sources of growth the capitalization of the company, improve economic efficiency and quality of the investment program. Such work will inevitably affect the activities of the Central office has set a goal to reduce the population by 20% from 1 January 2016″, — said the President of “Rosneft” Igor Sechin (quote from a press release the company).

In 2015, the average number of employees parent company has increased to 4125 4070 c, follows from the quarterly report of Rosneft under RAS. Now, under reduction can get 825. Costs employees of the parent company last year amounted to about 28 billion rubles (salary and social charges), i.e. when optimizing 20% of the state talking about the economy almost 5.6 billion rubles annually.

Reduction of regular number of the Central office will occur including through the elimination of duplicate units, the report said. In particular, it will be created and strengthened a unified corporate centers of expertise — a Department of investment analysis, business development Department and strategic planning Department, which will solve the problem of long-term planning. Into a single structure will be a United bloc of localization of engineering and technology and the unit for scientific and technological development, including the centre of research and development.

The exact timing optimization not included in the message, the representative has not yet responded to the request .

Simultaneously with the optimization of the Central office of “Rosneft” has informed on personnel shifts. The company returned Pavel Fedorov, who in 2011-2012 was the first Vice-President of “Rosneft”, and in 2012-2013 — Deputy Minister of energy, responsible for the development of the oil and gas industry. After leaving the energy Ministry Fedorov became the first Vice-President “Norilsk Nickel”. Fedorov, now with the rank of first Vice President will oversee the financial-economic bloc of “Rosneft”.

“Pavel Fedorov deeply understands the industry and challenges facing today “Rosneft” has successful experience of work in the Ministry of energy, banking and commercial structures that will be in high demand in our business,” said Sechin.

And the current Vice-President for economy and Finance of “Rosneft” Svyatoslav Slavinsky, who joined the company in 2013, immediately after the purchase of TNK-BP leaves Rosneft. With him from his post leaving the former head of the FFMS Vladimir Milovidov, who is in the rank of Vice-President was in charge the oil company the Department of scientific and technological development and innovation. But Milovidov remains at “Rosneft” (his new job was not specified), and care for, slavinskogo the company said. Sechin expressed his gratitude slavinskogo and Milovidova, who “honorably and at the highest level the past few years were important for the company”. According to a source close to “Rosneft”, slavinskogo ended a three-year contract.

Rosneft is under sanctions, but even in these conditions she was able to refinance loans of about $17 billion last year, says UBS analyst Maxim Moshkov. The share of short-term loans fell from 36% to 31%, and the effective average funding rate decreased 7.5% to 7.2%. “The financial Department of Rosneft, curated Slavinski, worked on deterioration. Not everyone can withstand such conditions,” says Moshkov.

In “Rosneft” frequent changes in top management (after Igor Sechin, head of Rosneft in may 2012, the company has already at least the third time changing the main character), but this does not mean that should expect significant changes from the company, adds analyst Raiffeisenbank Andrey Polischuk.