ExxonMobil plans to cut down its staff strength in Canada by 300

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FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

By Ikenna Omeje

As part of an ongoing global review to identify cost efficiencies and improve long-term competitiveness, ExxonMobil will reduce its staff strength at its Canadian affiliates by 300, a release by the company said on Wednesday.

  “It is anticipated that up to 300 positions will be impacted by the end of 2021 across the company’s affiliates in Canada, which include Imperial Oil Limited, ExxonMobil Canada Ltd. and ExxonMobil Business Centre Canada ULC.

“The workforce reductions result from insight gained through reorganizations and work-process changes made over the past several years. The impact of COVID-19 on the demand for ExxonMobil’s products has increased the urgency of the efficiency work,” the release stated.

“Canada remains an important market for ExxonMobil; however, further actions are needed at this time to improve costs and ensure the corporation and its affiliates manage through these unprecedented market conditions,” it added.

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