{"id":43576,"date":"2016-03-02T01:00:11","date_gmt":"2016-03-01T17:00:11","guid":{"rendered":"http:\/\/www.buletinonline.net\/v7\/?p=43576"},"modified":"2016-03-01T22:37:32","modified_gmt":"2016-03-01T14:37:32","slug":"petronas-announces-overhaul-affecting-nearly-1000-jobs","status":"publish","type":"post","link":"https:\/\/buletinonlines.net\/v7\/index.php\/petronas-announces-overhaul-affecting-nearly-1000-jobs\/","title":{"rendered":"Petronas Announces Overhaul Affecting Nearly 1,000 Jobs"},"content":{"rendered":"<p>After recording a drop in its last quarter profits due to plunging world oil prices, state oil-and-gas giant Petronas announced today a massive restructuring exercise that will result in redundancies of under 1,000 jobs.<\/p>\n<p>A separation scheme will be undertaken for the affected employees over the next six months.<\/p>\n<p>\u201cExhaustive efforts are on-going to re-deploy affected employees. Petronas will further embark on a separation exercise for these employees as needed, which is expected to be completed over the next six months,\u201d it said in a media statement on its website announcing a new leadership line-up.<\/p>\n<p>Among the changes to the top executives were Datuk Mohd Anuar Taib, replacing Datuk Wee Yiaw Hin as the new executive vice-president and chief executive officer of upstream operations.<\/p>\n<p>Datuk Wan Zulkiflee Wan Ariffin maintained his position as Petronas president and CEO.<\/p>\n<p>The changes in leadership positions will take effect from April 1.<\/p>\n<p>The statement said the group-wide overhaul was made after a strategic review of its business model.<\/p>\n<p>Petronas said it hopes to be more resilient in dealing with current and future challenges due to \u201ctough external environments\u201d.<\/p>\n<p>Malaysia\u2019s only Fortune 500-company yesterday announced cuts in capital and operating spending of RM50 billion ringgit over the next four year.<\/p>\n<p>The slide in global crude oil prices over the past few months have been hurting Petronas\u2019 profits.<\/p>\n<p>Yesterday, Petronas announced its revenue for 2015 dropped nearly 25 per cent to RM248 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After recording a drop in its last quarter profits due to plunging world oil prices, state oil-and-gas giant Petronas announced today a\u2026<\/p>\n","protected":false},"author":1,"featured_media":43577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"bo_wartawan":[],"bo_jenis":[],"class_list":["post-43576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-c48-news"],"better_featured_image":{"id":43577,"alt_text":"","caption":"","description":"","media_type":"image","media_details":{"width":630,"height":325,"file":"2016\/03\/petronas.jpg","filesize":19332,"sizes":{},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"post":43576,"source_url":"https:\/\/buletinonlines.net\/v7\/wp-content\/uploads\/2016\/03\/petronas.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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