Home Companies&Markets ExxonMobil to cut 1,600 jobs across European affiliates

ExxonMobil to cut 1,600 jobs across European affiliates


MON, 05 OCT, 2020-theGBJournal- ExxonMobil said today the planned reduction in staffing levels across a number of its European affiliates is part of an extensive global review outlined during It’s second quarter earnings call.

‘’It is anticipated that up to 1,600 positions would be impacted by the end of 2021 across the company’s affiliates in Europe, ExxonMobil said in a statement today. Adding, ‘’country-specific impacts will depend on the company’s local business footprint and market conditions.’’

In September, the big refiner and marketer of petroleum products announced it was voluntarily laying off staff in Australia.

ExxonMobil said significant actions are needed at this time to improve cost competitiveness and ensure the company manages through these unprecedented market conditions.

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