Exxon Mobil may also transfer its places of work from Harbourfront to Jurong Island
Exxon Mobil Corp foresees reducing the variety of workers in Singapore by 10-15%, in addition to transfer its present places of work, by the top of 2027 as a part of a worldwide restructuring effort introduced by the agency on Wed (Oct 1).
This comes after the US oil and gasoline big stated on Tuesday that it’ll lay off 2,000 employees globally, significantly in Canada and throughout the European Union, as a part of a long-term restructuring plan that can have an effect on about 3-4% of the corporate’s workforce.
In an emailed assertion, Exxon Singapore stated: “We’re making adjustments to how we work so we are able to enhance our competitiveness in an ever-evolving panorama and place the enterprise for future success.”
It added that the adjustments will reshape and restructure the predominantly office-based organisation, though detailed planning is “nonetheless underway” and the organisational design “isn’t but full.”
Presently, Exxon has round 3,500 workers in Singapore, which suggests as many as 500 employees might be affected. The corporate declined to share the precise variety of folks impacted.
The multinational company, which started producing base shares from residue gasoline at its new amenities in its Singapore refinery advanced this month, acknowledged that it’ll proceed to take care of its manufacturing presence within the nation.
As a part of the transition, Exxon plans to maneuver workers based mostly at its Harbourfront places of work to newly expanded amenities on the Jurong Refinery at Pioneer Highway by the top of 2027, the corporate stated.
At present, Exxon operates two refining websites in Singapore, one positioned at Pioneer Highway on the mainland and one other on Jurong Island, which collectively course of as much as 592,000 barrels of crude oil per day.
These cuts come on the heels of different redundancy workouts in Singapore this yr, which has affected industries as numerous as media, logistics, and tech.
- Learn extra tales we’ve written on Singaporean companies right here.
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