CNOOC's High Wage Confusion

International Energy Newsletter: According to media reports, the CNOOC employees' per capita remuneration was 389,700. CNOOC Corporation stated that the per capita income of employees is indeed higher than the average income level of the petroleum and petrochemical industries. The average salary of employees is 386,700 yuan, which includes the wages the employees receive. In addition, full labor costs including education and training fees, labor union funds, and various social insurance expenses are also included.

In the market economy and society, it is normal for wages to appear high or low and even vary widely. Because the market economy is to break the big pot, break the income distributional egalitarianism, and achieve distribution according to work. So, as CNOOC, why enjoy high wages?

If it is paid by work, to see who has more work and who should have higher wages, we have not seen much higher labor intensity of employees of CNOOC than Other industries. On the contrary, we see that Chinese oil companies have more The production efficiency of the national oil companies is much lower. The Chinese oil companies may be one of the most bloated companies in the world's oil companies. Not compared with foreign oil companies, even in China, many of our employees are not as hard off as oil workers, such as cleaners, but their income is much lower than that of CNOOC employees.

If it is based on the size of the contribution, then as the industry with an average salary of 387,700 people per capita, we should make a particularly huge contribution to the country. But is this the case? With the rise in prices, the huge cost of logistics is largely related to high oil prices.

If we allocate according to the size of the risk, we do not see any risk of CNOOC. Once the international oil prices have risen, they have quickly passed the risk to the entire people and used price increases to cope with the rise in national oil prices. Really do not agree, come to a "refueling tension" to force the country to agree to price increases. If this does not work, there will still be a loss or if the money will earn less, then it will reach out to the country to make huge subsidies. It can be said that there is almost no risk in the oil industry and it is basically stable and not lost. Does the oil company become a giant of profits, does that just prove it all?

It is such an industry that the income is far higher than that of other industries. It is indeed unthinkable.

Related reading CNOOC claimed that the per capita salary of 389,700 was actually full labor cost. According to the report of the May 9th China Daily that the average salary of CNOOC employees was 387,700, yesterday, the CNOOC headquarters stated that the per capita income of employees is indeed higher than the average income level of the petrochemical industry. The average salary of the employees is 386,700 yuan, which includes the wages of the employees, and includes the full labor cost including education and training fees, labor union funds, and various social insurance expenses.

The newspaper reported that the per capita salary of CNOOC employees was 387,700. After the report was reported, it caused widespread concern and discussion in the society. Yesterday, a number of online media reprinted the so-called “CNOOC Corporation clarification” news, saying that the number of reports differed from the actual situation. In response, Jinghua Finance reporter once again interviewed CNOOC Corporation. Related parties confirmed that the figures announced by this newspaper were correct. They were only afraid of people misunderstanding that 38.67 million yuan was the wages of employees who took home.

As we all know, CNOOC is a flagship subsidiary of CNOOC Corporation listed in Hong Kong and New York. CNOOC Corporation stated that the 382,700 yuan is the per capita total labor cost of CNOOC employees, among which, except for employee salaries, other expenses account for a large proportion of the total labor cost. Other expenses include education and training fees, labor union funds, various social insurance, corporate annuities, offshore workers**** and personal accidental injury insurance.

CNOOC also introduced 100,000 employees, including 4650 CNOOC (including nearly 800 foreign employees from overseas projects), and the main personnel are mid-level and senior managers and professionals responsible for oil and gas exploration, development and production operations in the upstream. Engineers, who are high-ranking personnel in the CNOOC headquarters, have higher incomes. They are about 4.6% of the total employees of CNOOC.

CNOOC Corporation also stated that the average per capita income of employees is indeed slightly higher than the average income level of the petroleum and petrochemical industries.

(Xiao Hua is a famous commentator)

        Extension springs are attached at both ends to other components. When these components move apart, the Spring tries to bring them together again.Extension spring is a kind of spiral spring,which bears axial tension. It is made of raw material which the section is circle. When it doesn`t bear the burden,there is no gap between the coils.

extension spring         extension spring1

 

la     la1    lahuang_

Extension Spring

Extension Spring,Stainless Steel Extension Springs,Small Extension Springs,Industrial Extension Springs

Changyi Precision Spring Co.,Ltd , http://www.cps-spring.com

This entry was posted in on