MOL-owned INA prepares for layoffs

MOL-owned INA prepares for layoffs

Published at: 2014-10-09 09:30 | Author: CIJ Journal
The Croatian oil and gas company INA will set aside more than €13m to cover severance payments it will have to make for over 338 employees. Citing the HINA news agency, the Budapest Business Journal says that the cuts are part of a program to increase efficiency at the company’s refineries. INA has come under pressure from its parent company MOL to close down the Sisak refinery. It currently has 13,460 employees. A final decision on how it will move forward with its refining activities is expected within a month.

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