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.