ExxonMobil expects to cut about 500 staff in Singapore by end-2027

ExxonMobil expects to cut its staff number in Singapore by 10 per cent to 15 per cent by the end of 2027 as part of global restructuring efforts.

- Sharon Salim Business Correspondent

The US energy giant declined to reveal a firm number. It has about 3,500 employees in Singapore, so the impending cuts could affect around 500 workers.

ExxonMobil also said on Oct 1 that it plans to move its Singapore office from downtown to the site of its Jurong plant by the end of 2027.

This comes after the company on Sept 30 said it will lay off 2,000 workers globally, mainly in Canada and across the European Union, as part of a long-term restructuring plan that will affect about 3 per cent to 4 per cent of its workforce.

There are no planned job cuts in the US, reported Bloomberg.

In response to The Straits Times’ queries, Exxon Singapore said: “We are making changes to how we work so we can improve our competitiveness in an ever-evolving landscape and position the business for future success.