Shell Malaysia will shed about 2% of its workforce, including 250-300 jobs from its upstream business, as part of an effort to reshape and simplify the organization to ensure that it “thrives through the energy transition,” the company has said.
Shell Malaysia will see growth in jobs in certain areas of its business nationwide as well as reductions in others. The reduction will take place progressively over two years, according to OGJ reports.
“Malaysia is a very important country for the Shell Group. Upstream Exploration & Production continues to be a critical business for Shell, and the upstream business in Malaysia has been identified as one of Shell’s nine Core Performance Units worldwide,” said Datuk Iain Lo, chairman of Shell Malaysia.
Most of Shell Malaysia Upstream staff will relocate to the principal office in Miri, Sarawak. The company will maintain an office in Kota Kinabalu for the downstream businesses and some upstream support. There are no changes to Shell’s offshore deepwater operations in Sabah, the report said.
It added that Menara Shell in Kuala Lumpur will continue to host Shell Malaysia Downstream and corporate entities. Shell business operations center will continue in Wisma Shell in Cyberjaya.
Shell Malaysia intends to grow its downstream marketing businesses to reinforce its retail and lubricants positions in the country. Shell’s Middle Distillate Synthesis (Shell MDS) plant in Bintulu, continues to be a niche business for Shell in Malaysia, producing a range of finished products including GTL waxes, drilling fluids, and chemicals.