April 19, 2021

Market and Financial News

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ExxonMobil to cut 7% of its workforce in Singapore By Reuters

2 min read

© Reuters. Logos of ExxonMobil are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba

(Reuters) – Exxon Mobil (NYSE:) said on Tuesday it will cut about 7% of its workforce at its Singapore affiliate as “unprecedented market conditions” due to the COVID-19 pandemic accelerate ongoing reorganization.

About 300 positions will be impacted by the end of 2021, the oil major said.

Exxon Mobil has more than 4,000 employees in Singapore.

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Reuters

2021-03-02 21:30:23

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