The company anticipates approximately 1,900 employees will be affected through voluntary and involuntary programs.
As part of an extensive global review announced earlier this year, ExxonMobil 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 reportedly the result of ongoing reorganizations and work-process changes made over the past several years to improve efficiency and reduce costs. The company says these actions will improve its long-term cost competitiveness and ensure ExxonMobil 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, according to the company.
The company says it will provide employees who are separated through involuntary programs with support, including severance and outplacement services.
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