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 Petronas cut job 10%, contract ggwp, No 6x bonus, ber1 make noise

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callmecool
post Jun 7 2025, 12:30 AM

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QUOTE(hoonanoo @ Jun 6 2025, 11:40 AM)
small meeting they just cross the street and go to their satellite hotels to have meals and conference room.

those hotels rely 40% of their income from these waste of time meetings

now they trim these meetings and sell off these hotels.
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Yes simple training, department meeting, they will do in fancy hotel and with lots of good food.c
callmecool
post Jun 7 2025, 12:31 AM

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QUOTE(hoonanoo @ Jun 6 2025, 03:50 PM)
last time, free maternity expenses for spouse give birth at prince court.

i personally know one who purposely give birth 4 kids at that hospital
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I swear I know a senior manager there who earns about 50k a month having 6 or 8 kids. And his work is close to rubbish and useless there. Stealing a living.
ben3003
post Jun 7 2025, 08:44 AM

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fat contract staff after 60s go back work with 30% more salary sit do nothing and halt other ppl progression.
ayamxxx
post Jun 7 2025, 08:48 AM

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Actual story was, contract staff already not renewed since December last year. Next batch on end this month
fongsk
post Jun 7 2025, 08:50 AM

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QUOTE(nelson969 @ Jun 6 2025, 03:27 PM)
user posted image
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As if that can reduce the pain of those contracted retrenchment. Just accept there is re-trenchment exercise and say this is a business decision. Habis. No need tokok. A re-trenchment is a retrenchment regardless if full time of part time or contract.
adamhzm90
post Jun 7 2025, 09:05 AM

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QUOTE(Mattrock @ Jun 6 2025, 11:57 AM)
Haha. Nothing to show after decades of O&G development, unlike Norway. All squandered away on bailouts, failed projects, and wasteful bumi policies.
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Gomen bailout petronas? Its the other way around bro

Just hopeful they have a good backup plan with the low price oil.. Need to diversify more
Srbn
post Jun 7 2025, 09:27 AM

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QUOTE(caviars @ Jun 5 2025, 08:08 PM)
Less profit, less dividend to government.

Next is subsidy cut for RON95.
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If petrol price is cheap.
No harm to cut petrol subsidy
james.6831
post Jun 7 2025, 09:50 AM

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i can sense manyak butthurt sini. o&g benefits pun kena kecam...lmao go look at those bank staff benefits la...just as good with their bonus and wat not...
caviars
post Jun 7 2025, 09:53 AM

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QUOTE(Srbn @ Jun 7 2025, 09:27 AM)
If petrol price is cheap.
No harm to cut petrol subsidy
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The problem is that the price with subsidy is too cheap. Even at RM2.56, it still 51 sen or 25% increase.
KenM
post Jun 7 2025, 09:59 AM

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QUOTE(caviars @ Jun 7 2025, 08:53 AM)
The problem is that the price with subsidy is too cheap. Even at RM2.56, it still 51 sen or 25% increase.
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let me understand this... our petrol is cheap because government subsidises, so means supplier is still paid...that's why government wants to up the retail.. so how is it that the supplier still lose on selling?.. it's their operations that they have to consider, no
backspace66
post Jun 7 2025, 10:12 AM

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QUOTE(fongsk @ Jun 7 2025, 08:50 AM)
As if that can reduce the pain of those contracted retrenchment.  Just accept there is re-trenchment exercise and say this is a business decision.  Habis.  No need tokok.  A re-trenchment is a retrenchment regardless if full time of part time or contract.
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Think about it this way, even if they are not let go, their contract will not be renewed after it expired

As for the company perspective, potentially more saving by letting go of the higher remuneration contract worker especially expatriate and no need to deal with basic retrenchment package especially for staff who have worked for more than 20 years because this will result in higher initial cost

Avex
post Jun 7 2025, 10:15 AM

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seems like those getting retrenched going to find it hard to get hired. These are the nice title no skillset or outdated skillsets
yed
post Jun 7 2025, 10:16 AM

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Out madani govt has done? Last time during oppo kuat hantam no jobs
cms
post Jun 7 2025, 10:19 AM

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QUOTE(Avex @ Jun 7 2025, 10:15 AM)
seems like those getting retrenched going to find it hard to get hired. These are the nice title no skillset or outdated skillsets
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So bad meh these retrenched petronas employee?

Many o&g companies still in msia oh.
cms
post Jun 7 2025, 10:21 AM

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QUOTE(james.6831 @ Jun 7 2025, 09:50 AM)
i can sense manyak butthurt sini. o&g benefits pun kena kecam...lmao go look at those bank staff benefits la...just as good with their bonus and wat not...
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Many mncs and llcs are giving similar benefits liao these days.
DarkAeon
post Jun 7 2025, 10:22 AM

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QUOTE(cms @ Jun 7 2025, 10:19 AM)
So bad meh these retrenched petronas employee?

Many o&g companies still in msia oh.
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the job market is pretty bad at the moment

a combo of factors including AI related retrenchments and economy uncertainties have wreck havoc world wide
WinkyJr
post Jun 7 2025, 10:29 AM

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QUOTE(Avex @ Jun 7 2025, 10:15 AM)
seems like those getting retrenched going to find it hard to get hired. These are the nice title no skillset or outdated skillsets
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Explain please.

I thought having 'ex-Petronas' on your profile would be enough to easily land your next job, even headhunters would race to offer you a job, regardless of your skillset.
It’s like the local version of FAANG
WinkyJr
post Jun 7 2025, 10:33 AM

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Two years without a promotion can have a huge impact for some.

Some people, especially those nearing retirement, already have plans to spend their final years in certain lucrative positions.

A two-year pause could create a backlog, pushing their promotion queue further back.
It’s definitely a setback to consider.
fongsk
post Jun 7 2025, 10:59 AM

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QUOTE(backspace66 @ Jun 7 2025, 10:12 AM)
Think about it this way, even if they are not let go, their contract will not be renewed after it expired

As for the company perspective, potentially more saving by letting go of the higher remuneration contract worker especially expatriate and no need to deal with basic retrenchment package especially for staff who have worked for more than 20 years because this will result in higher initial cost
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Exactly. Then what’s the Hooha? They probably just released the contract earlier, that’s all. So what’s the issue which is so much that even PMX has to explain in less than a day. But other issues like socks etc etc, which affect the whole country, how long does PMX take to respond?
cms
post Jun 7 2025, 11:14 AM

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QUOTE(DarkAeon @ Jun 7 2025, 10:22 AM)
the job market is pretty bad at the moment

a combo of factors including AI related retrenchments and economy uncertainties have wreck havoc world wide
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With the right skillset and mindset, i think can find relevant replacement jobs. Maybe those HODs or top management might need time but working or middle management i think shouldnt be that hard lah.

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