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Exxon eyes global job cuts to keep afloat after oil price collapse

2 Sep, 2020

US oil major Exxon Mobil signaled it may downsize its staff worldwide after offering voluntary redundancies among its Australian workforce to mitigate the aftermath of the coronavirus crisis.

“We have evaluations underway on a country-by-country basis to assess possible additional efficiencies to right-size our business and make it stronger for the future,” spokesman Casey Norton said in emailed comments to Reuters.

The statement comes shortly after the energy major announced that it was looking for volunteers among its employees in Melbourne, Gippsland, Sydney, Adelaide and Perth, to quit. The voluntary layoffs program is set to ensure the “company manages through these unprecedented market conditions,” ExxonMobil said on its Australian website.

It is unclear how many employees Exxon wants to let go. The company had 75,000 workers at the end of last year. According to the company’s spokesman, it is still too early “to draw conclusions for other countries.”

Exxon has previously denied reports that it was planning massive layoffs as some claimed that the company tries to quietly fire its employees using its altered internal employee-ranking system.

Read more at http://www.defenddemocracy.press/exxon-eyes-global-job-cuts-to-keep-afloat-after-oil-price-collapse/