Summary Only unprofitable operations have been shut, says country head
ISLAMABAD (Dunya News) – Oil and gas drilling assistance, Baker Hughes has suddenly shut its operations in Pakistan affecting employment of hundreds of people while drilling companies have become vulnerable as well, reported Wednesday.
Sources privy to the company have said that Ministry of Petroleum is yet to be informed by Baker Hughes and Non-Objection Certificate is also not sought yet.
According to the experts, any company that shuts its operations unexpectedly is bound to give its employees three years worth of salaries besides a benefit package.
On the other hand, country head of the company, Shahid Raza denied he news and said that only unlucrative operations have been closed down.
He did not agree that the company was violating any law.
Baker Hughes is among the top hydrocarbon exploration assisting companies of the world that provides equipment to over 90 countries.
