ExxonMobil to cut 7% of its workforce in Singapore

Logos of ExxonMobil are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba

(Reuters) – Exxon Mobil said on Tuesday it will cut about 7% of its workforce at its Singapore affiliate as “unprecedented market conditions” due to the COVID-19 pandemic accelerate ongoing reorganization.

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About 300 positions will be impacted by the end of 2021, the oil major said.

Exxon Mobil has more than 4,000 employees in Singapore.

(Reporting by Shruti Sonal in Bengaluru; Editing by Tom Hogue)