ExxonMobil to cut 7% of Singapore workforce, cites 'unpreced

ExxonMobil to cut 7% of Singapore workforce, cites 'unprecedented conditions'


ExxonMobil to cut 7% of Singapore workforce, cites 'unprecedented conditions'
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ExxonMobil's Singapore Refinery.  (Photo: ExxonMobil)
03 Mar 2021 10:57AM
(Updated:
03 Mar 2021 01:00PM)
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SINGAPORE: ExxonMobil said on Tuesday (Mar 2) it will cut about 7 per cent of its workforce in Singapore, as "unprecedented market conditions" due to the COVID-19 pandemic accelerate ongoing reorganisation.
About 300 positions will be impacted by the end of 2021, the oil major said.
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ExxonMobil has more than 4,000 employees in Singapore, which houses the company's largest refinery with a capacity of about 592,000 barrels per day.
"This is a difficult but necessary step to improve our company's competitiveness and strengthen the foundation of our business for future success," said Ms Geraldine Chin, chairman and managing director of ExxonMobil Asia Pacific.

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