Petronas dismissals of 5,000 employees to freeze recruitment and promotion of positions.

Tuesday, June 10, 2025 – 15:40 Wib

Kuala Lumpur, Viva – The termination of the Employment Storm (PHK) in several large global companies continues to shoot. National or Petronas oil shift, which is beaten by a label trimmer such as the strategic step of a company.

The president and CEO of Petronas Tegku Muhammad Taufik Aziz announced the pruning plan on Thursday, June 5, 2025. The Oil Company of the Malaysian government will reduce around 10 percent or 5,000 employees.

Aforementioned The Strait Times On Tuesday, June 10, 2025, mass dismissals were carried out as in the context of the company’s restructuring. The decision to rationalize the number of workers because it is necessary to guarantee the survival of the company in the coming decades.

In addition, mass dismissals are carried out to improve profits in the midst of challenging situations. Petronas seeks to reduce operating costs due to the decrease in crude oil prices and market volatility that suppresses profits.

Petronas profits fell 32 percent in 2024 after the previous year also decreased to 21 percent. The challenge is expected to continue until this year, since the price of Brent crude oil continues to decrease.

Bos Petronas revealed that the company will freeze the promotion and recruitment until December 2026. According to the official website data, the company has almost 50,000 employees.

Launch FreemalaysiastodayThe workers affected by dismissals will be counted. The dismissal process will take place from next year.

On this occasion, Tengku Taufik denied that Petronas’ news sold his business in Canada. He stressed that business lines in the state of the United States were very important.

“Canada is very important for our ambitions to maintain our position in the liquid natural gas sector,” said Tengku Taufik, who was reported ChannelNewsasia International.