Rafael Ramirez Venezuelan Energy and Oil Minister, and president of Petroleos de Venezuela, or PDVSA, announced the government owned company was sacking dozens of managers and supervisors allegedly involved in corruption practices.
According to the government run Venezuelan National Radio, the high ranking officials "auctioned" posts and were involved in other unspecified private benefit "personal decisions" which cost PDVSA "million of dollars in losses and damages”.
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The "old" and "new" references are linked to “before and after” the 63-day PDVSA strike from December 2002 to February 2003, which was part of a major plan to force the resignation of Venezuelan President Hugo Chavez.
The strike, which the government says cost the country more than ten billion US dollars, was supported by most of PDVSA employees.
Approximately 18,000 of them, half the staff, were later declared redundant. MercoPress