O&G - Job Cuts Loom
Justin Tiew | Mohammad lesa Morshidi | TJ Liaw
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We have been reading headlines of job cuts within the oil and gas space locally and abroad. While prospects do not seem rosy for this sector, oil majors are also mindful to not reduce their talent pool too significantly, for when markets do pick up eventually, they do not need to then scramble to hire. Instead, cost optimization methods such as redeployment of resources within the oil and gas value chain could be explored.
This is a report by Wei Lynn Tang and Navin Nair.
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Tags: job cuts, Oil and Gas, cost optimization, redeployment of resources, talent pool