Exxon Mobil will also move its offices from Harbourfront to Jurong Island
Exxon Mobil Corp foresees cutting the number of employees in Singapore by 10-15%, as well as move its current offices, by the end of 2027 as part of a global restructuring effort announced by the firm on Wed (Oct 1).
This comes after the US oil and gas giant said on Tuesday that it will lay off 2,000 workers globally, particularly in Canada and across the European Union, as part of a long-term restructuring plan that will affect about 3-4% of the company’s workforce.
In an emailed statement, 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.”
It added that the changes will reshape and restructure the predominantly office-based organisation, although detailed planning is “still underway” and the organisational design “is not yet complete.”
Currently, Exxon has around 3,500 employees in Singapore, which suggests as many as 500 workers could be affected. The company declined to share the exact number of people impacted.
The multinational corporation, which began producing base stocks from residue fuel at its new facilities in its Singapore refinery complex this month, stated that it will continue to maintain its manufacturing presence in the country.
As part of the transition, Exxon plans to move employees based at its Harbourfront offices to newly expanded facilities at the Jurong Refinery at Pioneer Road by the end of 2027, the company said.
Today, Exxon operates two refining sites in Singapore, one located at Pioneer Road on the mainland and another on Jurong Island, which together process up to 592,000 barrels of crude oil per day.
These cuts come on the heels of other redundancy exercises in Singapore this year, which has affected industries as diverse as media, logistics, and tech.
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