PETALING JAYA: In a rather frank note to employees, the head of the national oil company Petroliam Nasional Bhd raised the need for another round of cost cutting and for it to undertake some difficult and drastic decisions.
Petronas president and CEO Datuk Wan Zulkiflee Wan Ariffin (pic) said in the note to staff that the organisation – Malaysia’s only company in the Fortune 500 list – would be undertaking a rationalisation of manpower and a change in business model to tackle the impact from falling crude oil prices.
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