Oil and gas firm slashes salaries up to 45pct, leadership takes 50pct cut

CORONAVIRUS | Oil and gas firm Sapura Energy is slashing salaries by up to 50 percent to cope with the economic downturn brought about by the Covid-19 pandemic with its topmost management taking the biggest cut.

Sapura Energy, in a statement, said the company's leadership will take a 50 percent salary cut while other employees will see a salary reduction of between five to 45 percent...