Gazprom considers record job cuts as Ukraine war ravages finances
- Gazprom is considering large-scale job cuts as it faces dwindling revenues due to sanctions after President Vladimir Putin's invasion of Ukraine.
- The company may reduce staff from 4,100 to 2,500, according to Elena Ilyukhina's proposal to CEO Alexey Miller.
- In 2023, Gazprom reported a loss of 629 billion rubles, marking its first loss in 25 years.
- The latest U.S. Sanctions are expected to further pressure Russia's energy sector, making it harder to sell natural gas.
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Coverage Details
Total News Sources0
Leaning Left5Leaning Right2Center4Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
46% Left
L 46%
C 36%
R 18%
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