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KUALA LUMPUR, Sept 30, 2015: Shell Malaysia will transform its upstream division by reducing about 1,300 positions over the next two years. The transformation programme which was unveiled today would focus on improving efficiency and removing complexity to make the company more agile and competitive, it said in a statement. “We are strengthening our organisation by prioritising productivity and efficiency, without compromising on safety and reliability. We will emerge from this process a more nimble, resilient and competitive player in the Malaysian oil and gas industry,” said chairman Iain Lo. Shell with a total workforce of about 6,500 staff, has a long history in Malaysia, marking its 125th anniversary in the country next year. Lo said Shell was proud of its contributions to the oil and gas industry in Malaysia and looked forward to continue a long and fruitful partnership with Petronas. He said Shell remained confident of its future in Malaysia.
The company is also a leading explorer in the country, having invested an average of US$100 million (RM4.44 million) per year over the last six years and made 11 discoveries in the past 24 months. For Lo, Shell Malaysia is preparing itself to be more competitive in a low oil price environment. “Continuing business as usual is not sustainable. We are taking difficult, but necessary action.”
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