How about affected projects ?

Very few in number...

Okla tu, except for those 1000 personnel (perhaps those high salary which almost retire)

The information is also provided on their group website :
http://www.petronas.com.my/media-relations...RSHIP-TEAM.aspx

Also, 1000 out of the roughly 51000 employees of the group is barely 2%.

very little

Confirmed one will be the pflng2.

Most of the affected positions are SM and above. A lot of positions have been combined so a lot of senior management positions have been eliminated. That's where the 1000 is coming from. So in terms of absolute number, it is probably only 2 percent but the impact on payroll will be a bit more significant.

Projects that are cancelled or rephased are the same as was mentioned yesterday.

MPM will be much smaller. All junior executives will be transfered out from MPM to their functional units. MPM will only be staffed by E3 and above as their role will only be that of an Approving Authority. They will keep some of the technical staff for the Milestone approvals but they will rever back to a regulatory unit.

Contract staff will not be renewed. I don't believe their number is reflected in the 1000 positions mentioned.

MPM is once PMU kannn

Yup

They were still PMU when i did CP2 project

Changed name last year or the year before.. Thanks for the insight bro azraeil... Many contract staff not renewed..

Most of the contract staff I know will not be renewed.. Anyone else to confirm most people impacted are SM and above??

how about the one that still under contract.. are they going to continue until contract expiry or will be terminated sooner??? i know someone whose contract was renewed last year and only going to expiry sometimes next year...

A friend whos is a GM is doing the position matching for E4 and below while another team is doing for E5 and above. Most of the "mismatch" are for SM and above. You really can't have 2 GMs or SGMs doing similar work. Take for example Exploration. It will be just Exploration instead of Exploration International and Exploration domestic. One of the reason why VP of Exploration International took early retirement because his position is no longer there. What do you think will happen to all the SGMs and GMs that was reporting to him? Scrambling like mad to secure available positions.

This post has been edited by azraeil: Mar 1 2016, 07:03 PM

Some say that they will let it lapse but I know of a friend who renewed for another 2 years last october who just received an early termination letter from management. The letter simply says that they have a right to change the clause and therefore in June they will review the contract to see of another 6 months of extension is needed. So yeah, tough time at the moment.

MPM will become smaller? Does its translate to faster OCS paper approval? Lelz

Thanks @azraeil for the insights. Let's see how the rest of the blogosphere spins it now.

1000 just the beginning i guess... like Shell, every yr also slashing thousand of jobs..

My insider news. Staff increment and performance reward still available. No group VSS. VSS only for people with redundant position and unable to be transferred to other Petronas functions.