00:00Petronas has reaffirmed its commitment to safeguarding employee welfare amid a company-wide restructuring exercise that will cut about 10% of its workforce.
00:12The firm said a comprehensive transition program had been put in place, ensuring that every decision is made with fairness, respect and professionalism.
00:21Petronas said impacted employees will receive a competitive separation package that exceeds the minimum statutory requirement.
00:29The firm said these employees would also receive emotional support services, career coaching, job search assistance, financial planning guidance, as well as access to programs for medical assistance, upskilling and reskilling.
00:43Last Thursday, Petronas president and group CEO Tengku Muhammad Taufik Aziz announced that the company would reduce its headcount by more than 5,000 people as it looked to cut costs due to falling crude prices.
00:56He said those affected would be informed in stages through next year and that a hiring freeze would remain in place until December 2026.
01:03Atosha Bust, FMT.
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