Petronas job cuts mainly affect contract workers - Anwar

 

The move by Petroliam Nasional Bhd (Petronas) to trim its workforce involves mostly contract workers, said Prime Minister Anwar Ibrahim.

“It mostly involves contract (positions),” he said briefly when asked to comment on reports that Petronas would cut about 5,000 employees as part of a “right-sizing” process.

Anwar, who is also the finance minister, said this after performing Friday prayers with over 500 congregants at Surau Al-Ikhwan, Jalan Pinggiran Putra, near Putrajaya today.

Also present was Selangor Menteri Besar Amirudin Shari.

Yesterday, Petronas president and CEO Tengku Taufik Tengku Aziz was reported to have said the firm would cut about 10 percent of its workforce as part of the national oil and gas company’s “right-sizing” and restructuring process.

Taufik also denied that the state-owned company would exit its business in Canada.

Petronas previously stated it needs to “right-size” its workforce to ensure its sustainability in the decades to come.

Petronas has nearly 50,000 employees, according to its website.

- Bernama