Business Latest Blogs

Blogger was wrong, Petronas will not retrench 5,000 next year

petronasm

Syndicated News
Written by Syndicated News

KUALA LUMPUR, Sept 16 2017 : Petronas today denied an allegation made by a blogger saying that it planned to terminate 5,000 employees next year in what was claimed as another round of ‘staff reduction’ exercise, group-wide.

In a statement, the national oil giant company said it ‘categorically denied’ such an allegation made by blogger Syed Akbar Ali on his ‘OutSyed the Box’ site.

It added that the group’s business review exercise, conducted last year, had affected 2,300 jobs as previously announced and there was currently no plan to undertake another exercise of that scale.

“Petronas, however, is committed to building a high-performing work culture where manpower optimisation and functional streamlining are an on-going process requiring greater capability and accountability, as well as, more stringent performance evaluation among its employees,” it added. – Bernama

Comments

comments

About the author

Syndicated News

Syndicated News

News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.