KUALA LUMPUR: Sapura Energy Bhd
said on Thursday it would lay off 800 full-time employees worldwide, joining its global peers in seeking to reduce cost as the industry continue to struggle with weak oil prices and the economic fallout from the Covid-19 pandemic.
In a statement today, chief executive officer Tan Sri Shahril Shamsuddin said it was necessary to right-size the organisation based on a focused business strategy, given the cyclical nature of the oil and gas industry.
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