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Shell to axe 1,300 jobs in MalaysiaShell to axe 1,300 jobs in Malaysia

As the downturn in the oil and gas industry continues to bite Shell is axing 1,300 staff in Malaysia, more than 20% of its workforce in the country.

Marcus Hand, Editor

September 30, 2015

1 Min Read
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In a statement Shell Malaysia said it would be cutting approximately 1,300 staff positions from its upstream division over the next two years. The company said it had 6,000 staff in Malaysia meaning cuts will affect around 21.6% of the workforce.

“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,” said Iain Lo, chairman of Shell Malaysia.

“Shell Malaysia is preparing itself to be more competitive in a low oil price environment. Continuing business as usual is not sustainable. We are taking difficult, but necessary action. We have a strategy going forward, anchored on our scale and competitiveness in the upstream and leveraging our leading brand in the downstream.”

Earlier this week Shell announced it was pulling out of its Arctic exploration off Alaska for “the foreseeable future”.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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