India’s oil and gas PSUs’ permanent workforce declined by more than 2,000 last financial year


India’s oil and gas PSUs’ permanent workforce declined by more than 2,000 last financial year

India’s 12 major oil and gas Public Sector Undertakings (PSUs) employed 110,000 permanent workers at the end of last financial year (2017-18) — 2,181 less than the total headcount in the previous fiscal. The total workforce has been shrunk over years as number of retirees exceeds new recruits and companies resort to increased levels of automation to raise productivity, experts say.

Within the petroleum sector, PSUs engaged in exploration and production (E&P) activities employ the largest chunk of permanent work-force (29 per cent), closely followed by the marketing and refining segments.

Among companies, Oil and Natural Gas Corporation (ONGC) and Indian Oil Corp (IOC) together account for 61 per cent of the total permanent workforce employed by the PSUs. Read More

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