Energy firm ExxonMobil to slash 300 jobs in Singapore arm

It’s offering transitional support to those impacted.

International energy company ExxonMobil announced that it will be reducing its staff numbers at its Singapore arm, projecting approximately 300 positions to be affected by end-2021.

The number represents about 7% of the firm’s overall 4,000 headcount in Singapore.

The company announced the move is part of ExxonMobil’s ongoing effort to improve and sustain long-term competitiveness. The COVID-19 pandemic has reportedly catalysed ongoing reorganisation and changes in work process.

“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 of ExxonMobil Asia Pacific.

The firm is offering transitional support to affected colleagues, Chin added.

Singapore will remain a strategic location for ExxonMobil.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!