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Restructured Petronas sees 1,000 jobs made redundant

National oil firm to redeploy affected staff, will embark on a separation exercise for them if required

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Petronas said that the changes were geared towards making it more resilient and focused, and to better navigate through tough external environments following the collapse in oil prices.

Kuala Lumpur

ABOUT 1,000 positions will be made redundant from Petronas' new flatter and leaner organisational structure, Malaysia's national oil company announced on Tuesday after earlier cautioning the prolonged slump in oil prices would necessitate tough decisions.

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