KUWAIT: In a new development regarding the problem of reducing the privileges of oil sector employees, Kuwait Petroleum Corporation’s (KPC) CEO Nizar Al-Adsani is scheduled to meet tomorrow with heads of labor syndicates to discuss measures made by KPC to cut down expenses and stop the constant growth of payrolls’ cost over the next five years. This comes following an agreement between KPC and oil syndicates to form a special joint committee to discuss various initiates to cut down expenses.

Meanwhile, labor syndicates in the oil sector are set to meet today in a bid to reach an agreement on certain points of the view to be expressed by the union representing oil and petrochemicals employees.

On top of these issues is an agreement to reject giving away the privileges that oil sector employees enjoy, as well as rejecting the privatization of the oil sector. In this regard, informed sources said that CEOs of different oil companies plan to hold several meetings with employees next week in order to brief them on the decisions to reduce privileges.

Deputy Prime Minister, Minister of Finance and Acting Minister of Oil Anas Al-Saleh had denied on his Twitter account rumors that employees’ rights would be negatively affected by the planned cost-cutting measures. — Al-Anbaa