3/3, 4:59 AM (Source: TeleTrader)
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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.

Breaking the News / MS