The national oil company announced earlier that it intends to reduce its headcount by more than 5,000 people, and will freeze hiring until December 2026.
00:00Prime Minister Anwar Ibrahim said most of those to be retrenched in the impending 10% cut to Petronas' workforce are contract workers.
00:10He was asked to comment on Petronas' announcement that it intends to reduce its headcount by more than 5,000 people and to freeze hiring until December 2026.
00:20The retrenchment plan is part of a company-wide restructuring as Petronas looks to reduce costs due to falling crude prices.
00:27Separately, Anwar said he will contact Thai Prime Minister Pei Thong Thanh Chinawat this afternoon to discuss the Thai-Cambodia border dispute.
00:39Thailand and Cambodia have seen military clashes since 2008, resulting in at least 28 deaths.
00:45The most recent occurred on May 28th when a Cambodian soldier was killed in a location known as the Emerald Triangle, a joint border area between Cambodia, Thailand and Laos.
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