Handal undertakes cost-cutting measures

TheStar Fri, May 15, 2020 09:20am - 3 years View Original


In a press release issued yesterday, the oil and gas solutions provider said the top management’s salaries would be trimmed by 25%, while for other levels, the cuts would be between 15% and 25%

KUALA LUMPUR: Amid oil price volatility and the Covid-19 pandemic, Handal Energy Bhd has undertaken cost-cutting measures in 11 key areas including staff costs, travelling expenses and overheads.

In a press release issued yesterday, the oil and gas solutions provider said the top management’s salaries would be trimmed by 25%, while for other levels, the cuts would be between 15% and 25%.

It added that employees earning less than RM2,000 will be excluded from salary cuts.

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