Santiago, Chile, Aug 18 (Prensa Latina) Chilean labor unions have reported that the National Petroleum Company (Enap) is carrying out layoffs, despite its strong financial position driven by rising profits.

The state-owned firm confirmed the job cuts—without specifying a number—attributing them to a structural review process aimed at optimizing resource allocation and strengthening operating margins.

However, the Magallanes Workers’ Union noted that this claim contradicts Enap’s operational results, which have been boosted by the global rise in oil and derivative prices.

In the first half of 2026, the company recorded profits of $579 million—a figure significantly higher than the $318 million reported during the same period the previous year.

Furthermore, over the last five years, the firm has accumulated profits totaling $2.537 billion and reduced its debt by $1.662 billion, maintaining a thriving financial position.

According to Radio Biobio, union president Graciela Vasquez called on Enap’s management to publicly confirm or deny whether a layoff process is underway and, if so, to provide transparency regarding its scope and the underlying criteria.

The union leader stated that they are not seeking to defend inefficiencies, but rather to demand clarity regarding employment decisions at a company that is strategic for Chile.

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