EXXONMOBIL TO CUT ABOUT 7% OF ITS WORKFORCE IN SINGAPORE
As part of its ongoing effort to improve and sustain long-term competitiveness, ExxonMobil announced today 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.
“This is a difficult but necessary step to improve our company’s competitiveness and strengthen the foundation of our business for future success,” said Geraldine Chin, Chairman and Managing Director, ExxonMobil Asia Pacific Pte. Ltd. “We are providing transitional support to our colleagues who are impacted and are focused on getting through this challenging time.”
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.
ExxonMobil is one of Singapore’s largest foreign manufacturing investors with over S$25 billion in fixed asset investments. Our Singapore affiliate, ExxonMobil Asia Pacific Pte Ltd (EMAPPL), has manufacturing facilities which include an integrated world-scale refining and petrochemical complex in Jurong and Jurong Island.
(Source: ExxonMobil – Image: ExxonMobil refinery on Jurong Island/Rne.B/energy global news)