The national oil company (ENAP) has released an adjustment plan that involves laying off about 500 workers from 2019.
According to La Tercera reports, this measure corresponds to the company's loss of about $ 152 million by September this year.
Therefore, ENAP decided to reduce the total amount of the company by 13%, which the board has already approved.
The state-owned company explained that workers were informed that "they saw their results deteriorate due to a sharp drop in international refining margins, in addition to the significant increase in crude oil prices that caused higher production costs." that the level of indebtedness has increased, which is more than creating resources.
ENAP says that "we are aware that these measures can be painful, but we believe that we have the obligation to put the future of the company into the future, doing what is necessary to be more productive, contributing to the country and fulfilling our obligations to the region and all Chileans," according to the slogan La Tercera.