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Friday, September 15, 2017
 
Petronas To Lay Off Another 5000 Staff, Taxpayers Will Become 2.1 Million Less 5000

People in the know (in this case they work with Petronas) say that Petronas is planning another round of staff reduction early next year.  Petronas meaning the group.

Its a cost cutting exercise to save Petronas plenty money.

First to go will be about 1000 contract staff, including contractors.

Then that will be followed by up to another 4000 staff at Petronas and its subsidiaries. 

Talk is staff who have worked 5 - 10 years (middle management level?) will be let go. These will be folks in the (up to) RM10,000 salary per month category.

If we take RM10,000 as the average, this exercise will save Petronas over RM40 million per month !! Or RM480 million a year.  Including savings in EPF contributions , staff insurance etc the savings could be RM500 million a year. That is a lot of money.

Bro for fabricator nothing new for windfarm fabrication. Windfarm business is blooming right now, especially in Taiwan offshore water.

when and where ?

what is  'teh tarik' session >

Quote from the article, "The project management team will be based in Kuala Lumpur using the maximum Malaysian workforce to meet the local content requirement".

Ya rite. 

At the end of the day, they will employ org2 kapal. just visit their KL office. I've always wondered how they org2 kapal managed to get permit to work in Malaysia.