job cuts

Exxon Mobil weighs global job cuts after unveiling Australian lay-off plan

Exxon Mobil weighs global job cuts after unveiling Australian lay-off plan

PEJOURNAL - Exxon Mobil Corp (XOM.N) is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off programme in Australia. Exxon Mobil is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic. The company has slashed capital spending this year by 30% to around $23 billion and said in August it planned both capital and operating expense cuts to defend its dividend after reporting losses in the first and second quarters. “We have evaluations underway on a country-by-country basis to…
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