2020-10-30 13:15:00
EXXON REDUCTION 1,900 PEOPLE
EXXONMOBIL - Oct. 29, 2020 - As part of an extensive global review announced earlier this year, the company plans to reduce staffing levels in the United States, primarily at its management offices in Houston, Texas. The company anticipates approximately 1,900 employees will be affected through voluntary and involuntary programs.
The workforce reductions are the result of ongoing reorganizations and work-process changes that have been made over the past several years to improve efficiency and reduce costs. These actions will improve the company's long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions. The impact of COVID-19 on the demand for ExxonMobil's products has increased the urgency of the ongoing efficiency work.
The company recognizes these decisions will impact employees and their families and has put these programs in place only after comprehensive evaluation and thoughtful deliberation. Employees who are separated through involuntary programs will be provided with support, including severance and outplacement services.
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Earlier:
2020, October, 28, 14:05:00
EXXON LNG FOR ASIA
ExxonMobil predicts that, by 2030, China’s LNG imports will “probably exceed” 90mn t/yr—50pc growth even from 2019.
2020, October, 28, 14:00:00
EXXON LNG FOR INDIA
With India’s growing gas demand outstripping domestic production, LNG is playing an increasingly important role.
2020, October, 5, 12:50:00
EXXON LNG INVESTMENT FOR VIETNAM $5 BLN
The People’s Committee of Haiphong (Vietnam) has approved ExxonMobil’s 6 Mt/year LNG import terminal and 2,250 MW gas-fired power plant projects, which would require an investment of US$5.1bn.
