ExxonMobil to cut 300 jobs in Singapore, citing 'unprecedented market conditions' due to Covid-19

The Straits Times2021-03-03

SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as "unprecedented market conditions" due to ...

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Comments

SKHan
2021-03-03
SKHan
That’s bad...
- BellaEng:
  Petrol price is up!
PJoo
2021-03-03
PJoo
Times are still bad. Brace ourselves until 2022.
Dhruba
2021-03-03
Dhruba
Bad news
Jazling
2021-03-03
Jazling
Wow
- Jazling:
  Ok
smultn
2021-03-03
smultn
Rip ExxonMobil
B1B2
2021-03-03
B1B2
Wow

Leave a comment

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Brace ourselves until 2022.","listText":"Times are still bad. Brace ourselves until 2022.","text":"Times are still bad. 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxonMobil to cut 300 jobs in Singapore, citing 'unprecedented market conditions' due to Covid-19\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 11:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as \"unprecedented market conditions\" due to ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2116514876","content_text":"SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as \"unprecedented market conditions\" due to the Covid-19 pandemic accelerate ongoing reorganisation.\nAbout 300 positions will be impacted by the end of 2021, the oil major said.\nExxonMobil has more than 4,000 employees in Singapore, which houses the company's largest refinery with a capacity of about 592,000 barrels a day.\nSingapore, which is also home to the oil giant's biggest integrated petrochemical complex, will remain a strategic location for the company.\n\"This is a difficult but necessary step to improve our company's competitiveness and strengthen the foundation of our business for future success,\" said Ms Geraldine Chin, chairman and managing director, ExxonMobil Asia Pacific.\nGrim forecasts that oil consumption may never return to levels seen before the pandemic has seen an industry-wide culling in recent months.\nLast November, Shell Singapore announced it would cut 500 employees from its 1,300-strong Pulau Bukom workforce by end-2023 as it downsizes operations and pivot away from crude oil towards a low-carbon slate of fuels.\nThis came after parent Royal Dutch Shell in September disclosed it will cut as many as 9,000 positions worldwide by end-2022 as Covid-19 precipitated a company-wide restructuring into low-carbon energy\nExxonMobil in October last year announced it will slash its global workforce by 14,000, while BP has said it will cut 10,000 jobs worldwide and Chevron 6,000. Even oilfield services companies like Schlumberger have joined the fray, with 21,000 layoffs globally.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":365252702,"gmtCreate":1614750136706,"gmtModify":1704774759957,"author":{"id":"3577191740767978","authorId":"3577191740767978","name":"Dhruba","avatar":"https://static.tigerbbs.com/70912569c2b97a0c4fbe2141f05299b2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3577191740767978","authorIdStr":"3577191740767978"},"htmlText":"Bad news","listText":"Bad news","text":"Bad news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365252702","repostId":2116514876,"repostType":4,"repost":{"id":"2116514876","kind":"highlight","pubTimestamp":1614740476,"share":"https://ttm.financial/m/news/2116514876?lang=&edition=fundamental","pubTime":"2021-03-03 11:01","market":"sg","language":"en","title":"ExxonMobil to cut 300 jobs in Singapore, citing 'unprecedented market conditions' due to Covid-19","url":"https://stock-news.laohu8.com/highlight/detail?id=2116514876","media":"The Straits Times","summary":"SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapor","content":"<div>\n<p>SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as \"unprecedented market conditions\" due to ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Even oilfield services companies like Schlumberger have joined the fray, with 21,000 layoffs globally.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":365227469,"gmtCreate":1614749176951,"gmtModify":1704774749689,"author":{"id":"3566821013640470","authorId":"3566821013640470","name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3566821013640470","authorIdStr":"3566821013640470"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/365227469","repostId":2116514876,"repostType":4,"repost":{"id":"2116514876","kind":"highlight","pubTimestamp":1614740476,"share":"https://ttm.financial/m/news/2116514876?lang=&edition=fundamental","pubTime":"2021-03-03 11:01","market":"sg","language":"en","title":"ExxonMobil to cut 300 jobs in Singapore, citing 'unprecedented market conditions' due to Covid-19","url":"https://stock-news.laohu8.com/highlight/detail?id=2116514876","media":"The Straits Times","summary":"SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapor","content":"<div>\n<p>SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as \"unprecedented market conditions\" due to ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxonMobil to cut 300 jobs in Singapore, citing 'unprecedented market conditions' due to Covid-19\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 11:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as \"unprecedented market conditions\" due to ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2116514876","content_text":"SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as \"unprecedented market conditions\" due to the Covid-19 pandemic accelerate ongoing reorganisation.\nAbout 300 positions will be impacted by the end of 2021, the oil major said.\nExxonMobil has more than 4,000 employees in Singapore, which houses the company's largest refinery with a capacity of about 592,000 barrels a day.\nSingapore, which is also home to the oil giant's biggest integrated petrochemical complex, will remain a strategic location for the company.\n\"This is a difficult but necessary step to improve our company's competitiveness and strengthen the foundation of our business for future success,\" said Ms Geraldine Chin, chairman and managing director, ExxonMobil Asia Pacific.\nGrim forecasts that oil consumption may never return to levels seen before the pandemic has seen an industry-wide culling in recent months.\nLast November, Shell Singapore announced it would cut 500 employees from its 1,300-strong Pulau Bukom workforce by end-2023 as it downsizes operations and pivot away from crude oil towards a low-carbon slate of fuels.\nThis came after parent Royal Dutch Shell in September disclosed it will cut as many as 9,000 positions worldwide by end-2022 as Covid-19 precipitated a company-wide restructuring into low-carbon energy\nExxonMobil in October last year announced it will slash its global workforce by 14,000, while BP has said it will cut 10,000 jobs worldwide and Chevron 6,000. Even oilfield services companies like Schlumberger have joined the fray, with 21,000 layoffs globally.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3703168,"gmtCreate":1614749184301,"gmtModify":1680778956744,"authorId":3566821013640470,"author":{"id":3566821013640470,"idStr":"3566821013640470","authorId":3566821013640470,"name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":365227469,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":365229074,"gmtCreate":1614748090598,"gmtModify":1704774738450,"author":{"id":"3574853732051786","authorId":"3574853732051786","name":"smultn","avatar":"https://static.tigerbbs.com/04bda9e1b1d373deea6a52ac5f8ce334","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574853732051786","authorIdStr":"3574853732051786"},"htmlText":"Rip ExxonMobil","listText":"Rip ExxonMobil","text":"Rip ExxonMobil","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365229074","repostId":2116514876,"repostType":4,"repost":{"id":"2116514876","kind":"highlight","pubTimestamp":1614740476,"share":"https://ttm.financial/m/news/2116514876?lang=&edition=fundamental","pubTime":"2021-03-03 11:01","market":"sg","language":"en","title":"ExxonMobil to cut 300 jobs in Singapore, citing 'unprecedented market conditions' due to Covid-19","url":"https://stock-news.laohu8.com/highlight/detail?id=2116514876","media":"The Straits Times","summary":"SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapor","content":"<div>\n<p>SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as \"unprecedented market conditions\" due to ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxonMobil to cut 300 jobs in Singapore, citing 'unprecedented market conditions' due to Covid-19\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 11:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as \"unprecedented market conditions\" due to ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/exxon-to-cut-300-jobs-in-singapore-citing-unprecedented-market-conditions","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2116514876","content_text":"SINGAPORE (REUTERS) - ExxonMobil Corp said it will cut about 7 per cent of its workforce in Singapore, home to its largest refining-petrochemical complex, as \"unprecedented market conditions\" due to the Covid-19 pandemic accelerate ongoing reorganisation.\nAbout 300 positions will be impacted by the end of 2021, the oil major said.\nExxonMobil has more than 4,000 employees in Singapore, which houses the company's largest refinery with a capacity of about 592,000 barrels a day.\nSingapore, which is also home to the oil giant's biggest integrated petrochemical complex, will remain a strategic location for the company.\n\"This is a difficult but necessary step to improve our company's competitiveness and strengthen the foundation of our business for future success,\" said Ms Geraldine Chin, chairman and managing director, ExxonMobil Asia Pacific.\nGrim forecasts that oil consumption may never return to levels seen before the pandemic has seen an industry-wide culling in recent months.\nLast November, Shell Singapore announced it would cut 500 employees from its 1,300-strong Pulau Bukom workforce by end-2023 as it downsizes operations and pivot away from crude oil towards a low-carbon slate of fuels.\nThis came after parent Royal Dutch Shell in September disclosed it will cut as many as 9,000 positions worldwide by end-2022 as Covid-19 precipitated a company-wide restructuring into low-carbon energy\nExxonMobil in October last year announced it will slash its global workforce by 14,000, while BP has said it will cut 10,000 jobs worldwide and Chevron 6,000. Even oilfield services companies like Schlumberger have joined the fray, with 21,000 layoffs globally.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":40,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2116514876"}