Petronas won’t cut staff despite earnings drop, deputy minister says

One more quote in ‘The Book of Last Words’?

Dateline 2015-06-17, Malay Mail:

Petronas will not release any of its employees amid falling profits caused by the dip in global oil price, Parliament was told today.

Deputy Minister in the Prime Minister’s Department Datuk Razali Ibrahim said that despite a projected 40 per cent drop in the dividends expected to be paid to the government this year, none of 50,000 Petronas employees will lose their jobs.

“One guarantee we can give is we that will maintain all 50,000 Petronas employees all over the world because now the reduction in spending… is to ensure we stay operational,” he said during a reply in Parliament to Kepala Batas MP Datuk Seri Reeezal Merican.

“Today, we actually still need additional employees to maintain operations so this is at least a guarantee we can give,” he added.

Razali explained that Petronas’ dividend payment to Putrajaya  was RM73 billion in 2013 and RM75 billion in 2014, but based on this year’s first quarter profits, this is expected to drop to only RM43 billion in 2015.

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