A number of Saudi Aramco employees have submitted their resignations due to reported reductions in allowances and incentives, according to Al-Hayat Arabic daily.
The newspaper also reported about rumours that the company’s HR executive director and personnel manager have sought early retirement.
However, Aramco denied that the company’s officials have requested early retirement.
Al-Hayat said that the employees are concerned about budget cuts in the company which might affect their salaries and allowances.
Last month a senior Aramco official said that the company plans to invest a total of about $334bn by 2025, including spending on infrastructure and projects to maintain oil capacity.
Saudi Aramco outlined a plan known as In-Kingdom Total Value Add (IKTVA) last year, when CEO Amin Nasser said the company would spend more than $300bn over the next 10 years, of which 70 percent would be local content.
One of IKTVA’s goals is to double the percentage of locally produced energy-related goods and services to 70% of the total spent by 2021.
