The Serbian oil industry requested a new postponement of the American sanctions, but at the same time the company is preparing for them
The oil industry of Serbia (NIS), according to Kompas, is actively preparing for the start American sanctions because of the Russian share in ownership.
NIS requested from the Department of Finance of the United States of America new postponement of sanctions which should enter into force on April 28. It is expected that this request, like the previous two, will be adopted and that the Serbian oil company with Russian majority ownership will get another month of "life".
However, the management of NIS became aware that the sanctions could still come into force in the foreseeable future, and accordingly the company started preparations so that even in that case the business could continue, he writes. Kompas.
Job analysis
According to Kompas, the management of NIS has requested an internal analysis of all workplaces, which includes a detailed description of the work of each of the more than 13.000 employees.
According to unofficial information, it is planned that after the introduction of sanctions, 10 percent of employees will be fired, which is a significant number of employees in relation to the size of the company.
NIS recently announced a competition for the employment of more than 200 people at gas stations. The reason for this dispute lies in the fact that the company already had a problem finding salesmen and dispensers whose salary is around 700 euros, and after the beginning of the saga of possible sanctions and the closing of gas stations, the outflow of labor in this sector increased.
In the case of sanctions, salespeople are expected to be the first to be hit by layoffs, which is the main reason why most workers in that sector have decided to look for work with competitors.
Salary ahead of schedule again
According to Kompas, the salary in NIS was again paid in advance, this time ten days before the deadline. The reason for this lies in the fact that all the company's accounts, except for the Postanska Štedionica, would be blocked at the same moment when the American sanctions come into force.
NIS pays wages in advance employees since February and the announcement of the start of the application of sanctions.
Market ready to knock NIS out of the game
By the way, in April, NIS otakazo tendered for a long-term oil procurement contract and now only makes short-term purchases on the so-called spot market from international trading houses.
Greek EKO Petrol has already started importing fuel for its pumps from Greece and European refineries from the region. Hungarian MOL and Austrian OMV started bringing fuel for their pumps from their own refineries via barges across the Danube.
Until now, all other companies have bought processed oil from NIS on the Serbian market, because it was the most cost-effective solution for them.
Source: Kompas-info
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