CEO confident in cuts at Mexico oil giant Pemex

Market Watch – José Antonio González Anaya, who is about to complete his first 100 days as Pemex CEO, has probably the toughest job in Mexico’s government: turning around an oil company that lost $30 billion last year, has seen oil output decline for 11 consecutive years, faces unfunded pension liabilities of $86 billion and is badly overstretched and overstaffed.

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