PM gives go-ahead to Vinacomin restructuring project

VOV.VN - The Prime Minister has adopted a project to restructure the Vietnam National Coal and Mineral Industries Group (Vinacomin) from now until 2020.

The restructure will cover the mergers, dissolution, and reorganization of 6 companies and 4 management boards.

According to Vinacomin General Director Dang Thanh Hai, by last month the group had 106,000 employees, nearly 5,000 less than at the beginning of the year. In 2018 the group’s total salary payment will drop but per capita salary will increase.

The group will downsize its staff to less than 100,000 people by the end of 2020 and will recruit more coal miners to about 4,000 people. 

Vinacomin has planned to raise productivity and salary as two inseparable matters, he notes.
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