They are letting go contract staff (irrespective of locals or foreign), most affected are the upstream business. New hire is frozen.

There's no plan to retrench permanent local staff in the near future. But staff were cautioned to keep their KPI or incur the chopping block.

The downstream biz isn't much affected by the low oil price.

Heard from random sources in PCSB-SKO, during engagement with staff, the head of SKO asked how would they feel if their salary reduced by 50%. Sort of hinting something.