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Wednesday , March 22 2023

KPC allocates KD 1.53 bln as ‘indemnity’ for its employees

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KUWAIT CITY, Jan 7: According to reliable oil industry sources, Kuwait Petroleum Corporation (KPC) has an allocation for end-of-service benefits for workers in the oil sector at a value of KD 1.53 billion for the long-term disbursement to the employees totaling about 22,500 workers in the sector, reports Al-Anba daily. They explained that all employees working in KPC and its subsidiaries on the salary scale are entitled to an end-of-service gratuity in the category of those who joined work before January 1, 2015, which is the date of entry into force of the financial remuneration – social insurance law No. 110/2014. The total cost of the endof- service reward decreases and depends on the period of service of each employee, his position and the date of his retirement.

The law No. 110/2014 was issued on August 10, 2014 regarding the financial reward report for those subject to the Social Security Law, in which the financial reward replaced the end of service reward for Kuwaiti workers, and a maximum of KD 28,000 for those who have spent 30 years of service registered with Public Institution of Social Security.

Employees
Meanwhile, the Petroleum Syndicate has called on all employees of the security department to demonstrate peacefully in front of the Kuwait Petroleum Corporation building, next Wednesday, on Jan 11 at 10 am to fight for their rights, reports Al-Anba daily. The head of the union, Muhammad Faleh Al-Hajri, stressed the workers are not given their rights and stressed that the union was displeased with what happened in terms of procrastination in achieving the demands of workers in the oil sector, especially the security guards.

He explained that the security men have been suffering from job stalemate for 10 years, and “we will not allow their just rights to be snatched away.” Al-Hajri stressed that the security men in the oil sector are an impregnable dam to protect the oil sector from thefts and embezzlement, such as cable theft, smuggling of diesel and other issues, which they tackled valiantly to protect Kuwait’s funds. At the end of his statements, Al-Hajri called on all security men in the oil sector to sit-in at the KPC head office, because the KPC is the institution where decisions are taken.

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