MALAYSIAN offshore contractor Sapura Energy is cutting its workforce and slashing pay due to the slump in oil prices and the coronavirus pandemic. Sapura's leadership team are taking a 50% cut in their salaries, with all employees' salaries to be pared back by between 5% and 45%. The salary cuts will not take effect until after the ongoing Islamic Ramadan, which is due to end around 23 May. Sapura said the "internal austerity measures" are being taken to "mitigate the impact of the Covid-19 pandemic and the resulting low oil prices". Although it said that there would be a workforce reduction, Sapura gave no further details on how many jobs will go, or what departments will be affected by the lay-offs.
展开▼
