Petronas to cut 1,000 jobs

Petronas will reduce its output up to 20,000 barrels per day of crude oil

PETALING JAYA: In a move unparalleled in its history, Petroliam Nasional Bhd (Petronas) is cutting as many as 1,000 jobs as it reorganises its businesses and trims the fat to counter a slump in the price of crude oil.

The company said a voluntary separation scheme (VSS) will be offered within six months to select staff following an ongoing talent matching and redeployment exercise.