WASHINGTON: US oil and gas giant ExxonMobil announced Monday it would slash 1,600 jobs in Europe, more than 11% of its workforce in the region, as it ...
WASHINGTON: US oil and gas giant ExxonMobil announced Monday it would slash 1,600 jobs in Europe, more than 11% of its workforce in the region, as it struggles with the hit from the coronavirus downturn.
The company said the job cuts would happen by the end of next year but did not any additional details saying only that “Country-specific impacts will depend on the company’s local business footprint and market conditions.” Last week, the company was briefly overtaken in market capitalization by NextEra Energy, a green-era power company which owns two Florida electricity utilities.
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