Petronas to cut 1,000 jobs


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.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Nation

DBKL to terminate PPR contract if tenants sublet to foreigners
Technology application by local authorities can enhance delivery of public services, says Chang
Three men charged with extorting RM3mil from woman
Iconic Tanjung Aru beach reclamation on hold, focus on Prince Philip Park upgrade
Special workshop held to bolster cooperation among 17 agencies to fight smuggling
Chap Goh Meh celebrations kicking into gear in Penang
Doctor claims trial to producing porn, sexual misconduct with pediatric patients
Syabu worth RM3.24mil seized near Padang Besar
There is a shortage of hotel rooms in Perak, says exco
Higher Education Ministry to refine proposal to create white paper on Islamic economy

Others Also Read