Oilfield Fiscales Bolivianos (YPFB) will invest in this effort Bs 265 million for the payment of salaries of workers, managers and executives. The company personnel will be subject to evaluation and may be dismissed if not justify the payment.
On 1 May, President Evo Morales approved a new pay scale for workers hydrocarbon sector through the Supreme Decree 863. The provision benefits from an increase inversely proportional to 66% for the oil workers who earn less.
According to YPFB Corporation chief executive, Carlos Villegas, the increase will be "between 30 and 66%" will be implemented in two years and is part of the "new production strategy" implemented by the Government.
"The current wage bill in relation to the company's annual budget is Bs 224 million (0.45% of budget). With the new wage curve this amount comes to Bs 265 million, ie 0.54% of the budget, "he said.
state oil company has 1,410 employees, of which 80% are technicians and operators, and 20% administrative and executive. In this effort, he said, the operators will increase to between 26 and 33% increases for managers is 18%, and the executives of 15%.
"Currently, the lowest wage is Bs 2,100 and Bs the highest of 13,990, with the increase, the lower will be of Bs 2,795 and higher (including the salary of the president of YPFB) Bs 16,115 (...). 46 people will receive wages above what President Morales wins (Bs 15,000), "said
The last increment received by the sector (7.5%) occurred in 1997, recalled the executive. "The wage increase and the responsibilities of employers as well. We will have annual evaluations to determine the performance of workers. Those who surrender will not be subject to internal rules of YPFB, including, in cases where so-advised dismissal, "he said.
Another rule already approved increase
Decree 0696, adopted on November 11, 2010, approved a compensation greater than that of President Evo Morales (B 15,000) for personnel of YPFB, depending on their experience, capacity and knowledge, with salaries ranging from Bs 16,000 and Bs 45,000.
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