By Adam Williams / Bloomberg
Petroleos Mexicanos’ pledge to protect its 153,000-strong workforce from cuts ahead of the opening of Mexico’s oil industry is cold comfort for Daniel Aquino.
Until earlier this month, Aquino was a drill rig welder for contractor GSP Offshore. Now the father of two waits for work along with hundreds of others in a gated plaza in the island city of Ciudad del Carmen after Pemex eliminated outsourcing jobs.
Aquino is one of several thousand contract workers estimated by the city’s business chamber to have lost their jobs as Pemex seeks $2 billion to $3 billion in savings this year on purchases and contract rates.
The port city’s unemployed oilmen are in limbo as Pemex prepares to end its seven-decade monopoly just as global crude prices crash, in an industry overhaul that the government said would generate 1.5 million jobs by 2018.
“The energy reform is a lie,” Aquino said from Ciudad del Carmen, where service companies Halliburton Co. and Seadrill Ltd. have operations. “I’m going to keep looking for work here on the island but at this point Pemex has cut all the contracts with service providers and there are more cuts to come.”