Latest news with #EntrepreneurshipProgramme
The Star
4 days ago
- Business
- The Star
PETRONAS to prioritise employees' welfare
PETRONAS has established a Transition Council and People Development Committees to oversee talent mapping and placement. PETALING JAYA: Petroliam Nasional Bhd (PETRONAS) will roll out a market-competitive separation package to employees affected by the planned 10% workforce reduction under its strategic transformation initiative. The national oil company announced last week that it will be cutting about 5,000 employees as part of its 'right-sizing' exercise in response to an increasingly challenging global operating environment. In a statement, PETRONAS said the transformation is aimed at strengthening its long-term resilience and supporting continued growth through focused investments and the development of a high-performing, value-driven workforce. 'While this is a very difficult decision, it is a necessary one to ensure PETRONAS can continue to grow and serve the nation. 'PETRONAS is committed to managing this process fairly, objectively, and systematically,' the group said. PETRONAS stated that the separation package will include financial compensation exceeding minimum statutory requirements, along with additional support such as career coaching, job placement assistance, medical support, financial planning guidance, as well as upskilling and reskilling opportunities. The packages and benefits offered will vary based on employees' years of service, job category, and eligibility. It is also working with the Social Security Organisation via the MyFutureJobs platform and engaging with government-linked companies to facilitate job placement opportunities for affected staff. Additionally, PETRONAS said it will also offer a structured route into business ownership for those exploring alternative career paths via its Entrepreneurship Programme run. To manage the transition, PETRONAS has established a Transition Council and People Development Committees to oversee talent mapping and placement. The company said the process will follow structured governance and comply with relevant legal and industrial relations practices. Engagements have also been conducted with respective Department of Labour and Department of Industrial Relations under the Human Resources Ministry to ensure the planned implementation meets the statutory requirements. 'Every decision is made with fairness, respect and professionalism. PETRONAS remains deeply committed to the welfare of its people and will ensure that those impacted are treated with compassion and respect,' it said.
Daily Express
26-04-2025
- Business
- Daily Express
135 Tambunan young learn about business
Published on: Saturday, April 26, 2025 Published on: Sat, Apr 26, 2025 By: Marutin Ansiung Text Size: Emmie presenting the RM500 assistance to one of the recipients. TAMBUNAN: A total of 135 entrepreneurs aged between 18 and 40 from Tambunan, Tulid and Melalap were fortunate to be selected for the Entrepreneurship Programme, each receiving RM500 aid. According to the Gagasan Women Youth Chief, Emmie Datuk Martin Idang, the assistance is one of the initiatives by the Chief Minister of Sabah, Datuk Seri Panglima Hajiji Haji Noor, who is committed to supporting the youth in the state – be it in education, human capital development, sports as well as young entrepreneurs. 'We will continue to make efforts to assist entrepreneurs so the amount can be increased, and hopefully more entrepreneurs will be involved in this programme,' she said when met after the event here. She added that the programme indirectly provides an opportunity for young traders in rural and interior areas, who do not have business licenses or bank accounts, to receive assistance from the State Government. Meanwhile, the entrepreneurs who were interviewed also expressed their appreciation for this initiative, which has been very helpful, and they hope the government will consider increasing the assistance. Entrepreneur Farah Trancisca Sylvester expressed her gratitude to the Chief Minister for the financial contribution. 'We are truly grateful, as the RM500 contribution can help us with our working capital,' she said. Another entrepreneur, Christian Geoffrey, expressed hope that the assistance would be increased so more youth, especially in this area, can benefit from it. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
