TELETRADER News
3/3, 4:59 AM
(Source: TeleTrader)
Exxon Mobil-0.65%
ExxonMobil to release 7% of Singapore workforce
Exxon Mobil Corporation announced that it will reduce its staff in Singapore by 300 by the end of the year.
The figure represents 7% of over 4,000 ExxonMobil's workers in the Asian country.
"Unprecedented market conditions resulting from the Covid-19 pandemic accelerated ongoing reorganization and work-process changes that will improve the company's long-term cost competitiveness and ability to manage through near-term challenges," the company said in a press release.