U.S. oil giant Exxon Mobil said it plans to reduce its European workforce by up to 1,600 across the company’s affiliates by the end of 2021 as part of its global review.
Exxon said country-specific cuts will depend on the oil major’s local business footprint and market conditions, after the COVID-19 pandemic hammered demand for its products and crude prices tanked.
Last month, Exxon announced voluntary layoffs in Australia and said that job cuts will continue globally into 2021.
