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After the company announced a voluntary lay-out program in X Australia, a spokesman said Wednesday that ExxonMobil Corp. was evaluating a potential job cut worldwide.
Exxon is the latest oil to start employment jobs boosted by the historic historic fall in fuel demand due to the coronavirus epidemic.
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The company has cut capital spending by 30 per cent this year to about 23 23 billion and said in August that it plans to reduce both capital and operating costs to cover its dividends after reporting losses in the first and second quarters.
“We have ongoing country-by-country evaluations to evaluate the potential additional efficiency to bring our business to the right size and make it stronger for the future,” said Casey North, a spokeswoman for the company’s headquarters in Irving, Texas. Comments for Reuters.
After Exo told Reuters in July, the comments marked a shift, with no plans to escape it due to the epidemic and no percentage target to reduce its staff through this year’s employee reviews.
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Australia In Australia, Exo said Wednesday it has completed a review of its current and future project work in the country and is looking for volunteers to leave the company.
“This program will ensure that the company operates through these unprecedented market conditions,” it said in a statement.
The company did not say what percentage of its employees it wanted to cut, but said in Australia that it would consider all employees who showed interest in voluntary redundancy.
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Norton said it would be premature to draw conclusions for other countries until other studies were completed.
Exxon is considering selling a 50% stake in the Bass Strait Oil and Gas joint venture in southeastern Australia, which could reach 3 billion, according to analysts’ estimates.
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Analysts have speculated that it may sell or shut down its Alto plant in Melbourne, Australia’s oldest refinery.
(Reporting by Sonali Paul; Editing by Tom Hogg and Christian Smollinger)
