AI Summary
Petronas is undertaking a comprehensive operational review, including assets, processes, expenditures, and workforce, to enhance competitiveness and future-readiness. This includes a workforce assessment potentially impacting 10% of employees, with notifications expected by year-end. A hiring freeze until December 2026 will be implemented, with exceptions for critical roles. CEO Tengku Muhammad Taufik emphasized the necessity of these changes for long-term growth in a challenging market.
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