Oil & Gas
ExxonMobil Announces Singapore Workforce Reductions
As part of its ongoing effort to improve and sustain long-term competitiveness, ExxonMobil announced that it will reduce staffing levels at its Singapore
As part of its ongoing effort to improve and sustain long-term competitiveness, ExxonMobil announced that it will reduce staffing levels at its Singapore affiliate. It is anticipated that about 300 positions will be impacted by the end of 2021, representing approximately 7 percent of the company’s more than 4,000 employees in Singapore. Unprecedented market conditions resulting from the Covid-19 pandemic accelerated ongoing reorganization and work-process changes that will improve the company’s long-term cost competitiveness and ability to manage through near-term challenges.
Singapore continues to be a strategic location for ExxonMobil, with a world-scale manufacturing complex and a talented workforce. The company remains committed to providing energy and products that are essential for society, while managing operations safely and responsibly, including reducing the risks of climate change.