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Sovereign Wealth Funds Briefing - Categorized | Market, People

Kazakh mining giants seek to placate labor dissent

Posted on 25 June 2012

After the riots, President Nursultan Nazarbayev, never tolerant of dissent, removed his son-in-law from the top job at sovereign wealth fund Samruk-Kazyna, ultimate owner of the oilfields around Zhanaozen. The fund has since created advisory bodies on labour issues.
A Western executive who attended one of the fund’s recent seminars said particular attention had been devoted to mid-level managers, who are often prone to neglect labour problems for fear of rebuke from further up the command chain………………………………………..Full Article: Source


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