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ExxonMobil to cut 300 jobs in Singapore, citing 'unprecedented market conditions'

SINGAPORE - ExxonMobil will cut about 300 positions from its workforce in Singapore, where its largest refinery is located, by the end of 2021.
This represents about 7 per cent of its headcount in the Republic, as unprecedented market conditions resulting from the Covid-19 pandemic accelerated ongoing reorganisation, it said on Tuesday (March 2).
All the affected staff are professionals and managers, and will be notified between March 8 and 12, Mr Chew Boon Jin, president of the ExxonMobil Singapore Employees Union, told The Straits Times on Wednesday.
He added that the last day of payroll for these employees would be on April 30, 2021.
The Singapore layoffs come after ExxonMobil announced last October it would slash its global workforce by 15 per cent by the end of 2022. The company had said then that the cuts would come through attrition, targeted redundancy programmes and scaled-back hiring. ....

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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 managin ....

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