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Oil Refineries announces implementation of efficiency measures: reports

India Infoline News Service/ 12:05 , Jan 03, 2013

Reports said that the Company's Chairman and Vice Chairman announced their initiative and decision to give up 10% of the management fees to which they are entitled, for the year 2013.

Oil Refineries Ltd has announced that as part of the Company's work plan and 2013 , the Company will implement efficiency measures, improvements and savings in various fields of activity, according to reports.

Reports said that the Company's Chairman and Vice Chairman announced their initiative and decision to give up 10% of the management fees to which they are entitled, for the year 2013.

The Board also decided to approve an early retirement plan for dozens of the Company's employees, during the year 2013, report says.

 



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