ExxonMobil will reduce staffing levels at its Singapore affiliate as part of an ongoing effort to improve and sustain long-term competitiveness, the company said in a release Mar. 3.
Some 300 positions will be impacted by end-2021, representing about 7% of the over 4,000 employees in Singapore, the company continued.
Unprecedented market conditions resulting from the COVID-19 pandemic accelerated ongoing reorganization and work-process changes aimed at improving the company’s long-term cost competitiveness and ability to manage through near-term challenges, the company said.
In October 2020, the company noted plans to cut US jobs primarily impacting management offices in Houston, Tex. (OGJ Online, Oct. 29, 2020).
