SUBSCRIBERS

More layoffs on the horizon for Malaysian oil & gas sector

Ten industry players said to have outlined plans for at least 2,700 more job cuts

Published Thu, Jan 7, 2016 · 09:50 PM

Singapore

MORE retrenchment is taking place in Malaysia's beleaguered oil and gas sector with 10 industry players reportedly having outlined plans to slash at least 2,700 more jobs.

According to a report issued by i-Research making rounds on social media, Linkedin, 11 oil and oilfield services companies are undertaking staff cost restructuring.