News March 2, 2021
ExxonMobil announces Singapore workforce reductions
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.
News March 2, 2021
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, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
Public Company Information: NYSE: XOM
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