Petronas Slashes Jobs to Stay in the Game ...Middle East

OILPRICE - Economy
Petronas Slashes Jobs to Stay in the Game
source : OILPRICE ( Middle East ) () 76
Malaysia’s state energy major Petronas needs to slash thousands of jobs to survive beyond 2035. The striking message came from the company’s new chief executive, who called it “right-sizing.” “The rationale to do this is to ensure the survival of Petronas in the coming decades. If we don't do it now, there will be no Petronas in 10 years,” Tengku Muhammad Taufik Tengku Aziz told media in Kuala Lumpur, as quoted by Reuters. Naturally, the first thought of most hearing this message would be that the company is…

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