More layoffs on the horizon for Malaysian oil & gas sector


Notice that PCSB is painted as a good guy, back then.

Dateline 2016-01-08, AsiaOne:

More retrenchment is taking place in Malaysia’s beleaguered oil and gas sector with 10 industry players reportedly having outlined plans to slash at least 2,700 more jobs.

According to a report issued by i-Research making rounds on social media, Linkedin, 11 oil and oilfield services companies are undertaking staff cost restructuring.

Petronas Carigali, the upstream unit of Petronas, stands as the exception to have opted for salary cuts rather than layoffs, the report said.

Ten out of the 11, comprising Shell Malaysia, ExxonMobil Malaysia, Murphy Oil, SBM Malaysia, TH Heavy Engineering, Petrofac-RNZ, Malaysia Marine Heavy Engineering, Bumi Armada, Technip Malaysia and Ranhill WorleyParsons, have spelt plans to reduce headcounts in Malaysia.

One Response to More layoffs on the horizon for Malaysian oil & gas sector

  1. meonkutu11 says:

    Aker and GOM

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