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News -> Industry News -> Malaysia 10 marine-related businesses will cut 2700

Malaysia 10 marine-related businesses will cut 2700

Number of visits: Date:2016-01-12

According to a survey published i-Research, Malaysia 10 marine-related businesses to cut 2700 people. I-Research 11 in Malaysia operating offshore companies investigated, only Malaysia State-owned oil company Petronas Carigali plans to take pay cuts instead of layoffs.
Apart from Petronas Carigali, and another 10 offshore companies have been planning layoffs. The 10 companies including Shell Malaysia subsidiary, Exxon Mobil Malaysia subsidiaries, Murphy Oil Corporation, SBM Malaysia subsidiary, TH Heavy Engineering, Petrofac-RNZ, Malaysian marine heavy engineering, Bumi Armada, Technip Malaysia as well as Ranhill WorleyParsons.

Among them, Shell Malaysia subsidiaries have fired 1300 employees over the next 2 years. Last year, Malaysia Sea Bank has cut thousands of jobs.

TypeInfo: Industry News

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