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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
