Sapura Energy to lay off 800 workers

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.