• Follow Us On Our Preferred Social Media Platform:

ExxonMobil to layoff 7% Singapore workforce amid ‘unprecedented market conditions’

04 Mar 2021

ExxonMobil on Wednesday (3 March) said it will reduce staffing levels at its Singapore affiliate ExxonMobil Asia Pacific Pte Ltd (EMAPPL) As part of its ongoing effort to improve and sustain long-term competitiveness.

It is anticipated about 300 positions will be impacted by the end of 2021, representing approximately 7% of the company’s more than 4,000 employees in Singapore, said the company in a statement.

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.

“This is a difficult but necessary step to improve our company’s competitiveness and strengthen the foundation of our business for future success,” said Geraldine Chin, Chairman and Managing Director, ExxonMobil Asia Pacific Pte. Ltd.

“We are providing transitional support to our colleagues who are impacted and are focused on getting through this challenging time.”

Singapore continues to be a strategic location for ExxonMobil, with a world-scale manufacturing complex and a talented workforce. The company remains committed to providing energy and products that are essential for society, while managing operations safely and responsibly, including reducing the risks of climate change.

EMAPPL has manufacturing facilities which include an integrated world-scale refining and petrochemical complex in Jurong and Jurong Island.

EMAPPL has a network of service stations under the Esso brand and is a supplier of cylinder cooking gas. It serves customers and commercial markets in the region with its industrial, aviation and marine fuels, lubricants, petrochemicals and liquefied natural gas.

Photo credit: Gerd Altmann
Published: 4 March, 2021

Related News

Featured News

Our Industry Partners

  • argus

PR Newswire