Shell Malaysia said in a statement yesterday that it will be commencing a transformation programme for its upstream division which will see the company shed 1,300 jobs over the next two years.
Shell said the initiative “focuses on improving efficiency and removing complexity to become a more agile and competitive company” as it marks its 125th anniversary in Malaysia.
Iain Lo, chairman of Shell Malaysia, commented: “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.
“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 treat our people with respect and care in line with the Shell Global People Principles, and help them transition from their current positions.”
Shell currently has a total workforce of around 6,500 in Malaysia.