Salient points of Townhall to date:
Manpower Rationalisation:
- No increment for VP above
- Staff increment to continue according to cost of living
- Performance reward to continue
- Non-critical contract staff will not be extended
Findings of Project Cactus:
1) Hierarchical & bureaucratic
- silo mindset
2) Less productive than peers
- slow decision making
- inefficiency
3) Duplication of roles
- Lack of accountability
- High coordination cost
Reason for new company structure:
1) Clear accountability of roles
2) Creation of centre of excellence
Upstream business headed by Datuk Anuar Taib
Downstream business headed by Md Arif
Project Delivery & TechnologyĀ - combine T&E, Technical Global, GSCM, R&T headed by SVP
HSSE - Combine HSE & Group Security headed by Sharbini Suhaili
Dato Wee Yiaw Hin, Juniwati & Effendy Cheng not extending their contracts
EXCO now known as Executive Leadership Team (ELT)
What happens to me?
- effective 1 Apr
- manpower/talent matching exercise ongoing until target end of March
- no Groupwide VSS. VSS will only be offered to selected individulas not matched with position
- Issue service notification termination if still no position matching in other business
- Contract staff extension review below 1,000 people only
- Position matching GM above completed
- Position GM below to complete by end of March
Dato Wee leaving Petronas. Some segments of oil&gas will rejoice for this!