The downturn in the oil and gas part inflicted significant damage on Sembcorp Marine (SGX: S51). The oil-fix manufacturer, which has apparently laid off 8,000 works since 2015, said it made a second from last quarter loss of S$21.8 million.
Sembcorp Marine is additionally assessing alternatives over an apparatus that it was working for bankrupt Malaysian oil-fix temporary worker, Perisai Petroleum Teknologi (KLSE: PERISAI.KL; KLSE: 0047.KL), which is a partner organization of Ezra Holdings (SGX: 5DN).
The cutbacks at Sembcorp Marine likely added to the decrease in the quantity of individuals utilized in Singapore. As per the Ministry if Manpower, add up to work contracted.a
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