President and group chief executive officer Tan Sri Shahril Shamsuddin said the austerity measures also included readjustment of employees’ salaries of between 5% and 45% across the board, effective post-Ramadan as well as the reduction of its workforce.
PETALING JAYA: Sapura Energy Bhd
’s senior management will be taking a 50% pay cut with immediate effect, as part of its internal austerity measures to mitigate the impact of the Covid-19 pandemic and falling oil prices.
In a statement, president and group chief executive officer Tan Sri Shahril Shamsuddin said the austerity measures also included readjustment of employees’ salaries of between 5% and 45% across the board, effective post-Ramadan as well as the reduction of its workforce.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
