Perbadanan Stadium Malaysia, the group that oversees the running of the country’s major stadia, is set to restructure its operations as part of plans to become more financially independent.

The Free Malaysia Today website reported that the PSM is to undertake a “comprehensive review” of its contracts, with staff reductions set to form part of the plans.

The report added that 70-plus contracts will be assessed to provide the group with more flexibility in the goods and services sectors.

Free Malaysia Today noted that PSM currently has 67 contract staff and 109 permanent staff, with the group feeling the effects of overstaffing. Those whose contracts expired at the end of 2018 will be given an extension until February 15 to provide a “soft landing” and make it easier for them to find other employment.

In a statement reported by the Malaysia Kini website, PSM said: “The review involves a complete reassessment of all current contracts for supply of goods and services and organisational structure at senior and intermediate levels.

“Currently, over 70 contracts are being reviewed to allow greater transparency in the supply of goods and services to PSM.

“Many of these contracts can be more efficiently run in-house and planning for this has already begun. PSM has also mandated that there is to be no exclusivity of contractors.”

PSM is also set to step up its marketing, sales and creative strategies, while online booking will be introduced for its events.

PSM’s portfolio of venues includes the Bukit Jalil National Stadium (pictured) in Kuala Lumpur.

Image: Phalinn Ooi