PETALING JAYA: The oil price slump since June 2014 has heaped pressure on oil majors worldwide to lay off jobs and to reduce their capital expenditures (capex) and operational expenditure (opex) as part of their cost-cutting measures.
Shell had indicated that it will reduce some 10,000 employees after it had acquired BG Group last month for US$53bil (RM223bil).
Already a subscriber? Log in.
Subscribe now for a chance to win your dream holiday!
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!
