The newly installed CEO of Mexico’s state oil firm Pemex has said that while restructuring of the struggling entity is needed, that may not necessarily entail more job cuts.
Jose Antonio Gonzalez Anaya was appointed on Monday to replace Emilio Lozoya Austin, who was removed from his post by national president Enrique Pena Nieto after three years in the post had failed to revive the business.
In his time at the helm Lozoya Austin had been part of an energy industry reform process that began in 2012 and included Pemex starting to surrender its oil production monopoly.
Gonzalez Anaya, an economist, said that his brief is to improve the efficiency and profitability of Pemex. He said that would require adjusting costs and making budget cuts but that it did not automatically translate to layoffs.
He will meet union leaders and examine ways that joint ventures could help reduce costs.
Pemex, which has a lot of production facilities offshore in the Gulf of Mexico, has been badly hit by the plummet in oil prices.