ExxonMobil to cut 1,600 jobs across European operations

Irving, Texas – ExxonMobil Corp. expects to cut up to 1,600 jobs across its European operations to counter the impact of Covid-19 pandemic on reduced demand.

In a 5 Oct statement, the US chemicals company said the decision to reduce staffing levels across a number of European facilities was made following an extensive global review of its work processes.

ExxonMobil said it anticipated the cuts to be completed by the end of 2021, adding that country-specific impacts would depend on the company’s local business footprint and market conditions.

The Irving-based supplier said the impact of Covid-19 on the demand for its products had increased the urgency of the ongoing efficiency work.

Stressing that Europe remained “an important market”, ExxonMobil, said its operations in the region needed “significant actions” to improve cost competitiveness.

ERJ is requesting information from ExxonMobil regarding the possible impact of these measures on its rubber/elastomer activities