Petronas Layoffs: Global Headwinds Force 5,000 Job Cuts?

Petronas Layoffs: Global Factors Cited, Government to Intervene Kuala Lumpur, Malaysia – Petronas, Malaysia's state-owned oil and gas giant, is facing the potential layoff of over 5,000 employees. This news, reported by Berita RTM, has sparked concern across the nation. The planned job cuts are attributed to global economic headwinds, not internal management issues, according to Deputy Prime Minister Datuk Seri Fadillah Yusof. "We are scheduling a meeting with Petronas to get a clearer understanding of this matter and to ensure that the number of job losses is minimized, if not avoided altogether," stated Datuk Seri Fadillah Yusof in a press briefing shown in the video. The video also shows footage of Petronas facilities and employees. The government's proactive involvement indicates a commitment to mitigating the impact of these layoffs on the Malaysian workforce. The planned meeting is a crucial step in addressing the concerns of affected employees and the broader public. The situation underscores the challenges faced by national companies in navigating the complexities of the global energy market. Further updates are expected following the meeting between the government and Petronas.