A report issued by i-Research suggests another 2,700 jobs are on the line from 10 offshore-related firms operating in Malaysia.
Petronas Carigali, the upstream unit of Petronas, is the only company surveyed who has salary cuts in mind rather than layoffs.
Ten out of the 11, comprising Shell Malaysia, ExxonMobil Malaysia, Murphy Oil, SBM Malaysia, TH Heavy Engineering, Petrofac-RNZ, Malaysia Marine Heavy Engineering, Bumi Armada, Technip Malaysia and Ranhill WorleyParsons, have made plans to cut staffing levels in the Southeast Asian nation.
Shell Malaysia leads with a projected 1,300 job cuts in the coming two years.
Last year, thousands of redundancies were announced across Malaysia’s offshore sector.
