US energy giant ExxonMobil announced plans to reduce staffing levels at company’s Canadian affiliates "as part of an ongoing global review to identify cost efficiencies and improve long-term competitiveness,” the company said in a statement on Wednesday.
The move came after the company's decision to cut up to 1,600 jobs at its European affiliates and 1,900 at US affiliates in October to mitigate the negative impact of the novel coronavirus (COVID-19) on weak global oil demand and low oil prices.
The company said up to 300 positions would 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 company said.
Canada is "an important market for ExxonMobil”, the company said, however further actions are needed at this time to improve costs and ensure the corporation and its affiliates manage through these unprecedented market conditions.
(Anadolu Agency, November 26, 2020)
