Shell set to lay off 1300 workers in Malaysia
- Business & Finance
Shell will lay off around 1300 workers from its Malaysian subsidiary Shell Malaysia.
According to Shell Malaysia, the move is a part of its transformation programme for its upstream division, which focuses on improving efficiency and removing complexity to become a more agile and competitive company.
“We are strengthening our organisation by prioritising productivity and efficiency, without compromising on safety and reliability. We will emerge from this process as a more nimble, resilient and competitive player in the Malaysian oil and gas industry,” said Iain Lo, Chairman of Shell Malaysia.
As a result of this initiative, Shell Malaysia will reduce approximately 1,300 positions from its upstream division over the next two years. Shell Malaysia’s total workforce is approximately 6,500 staff.
Explaining the move, Lo said, “This is certainly a very difficult decision to make. We have made adjustments in our upstream portfolio and we will drive greater efficiency in our operations. Regretfully, these have resulted in an unavoidable impact on staff. I wish to reiterate our commitment to treating our people with respect and care in line with the Shell Global People Principles, and help them transition from their current positions.”
Image source: Shell/Flickr