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Home / Business / Coronavirus: ExxonMobil’s 1,900 layoffs to primarily impact Houston’s operations

Coronavirus: ExxonMobil’s 1,900 layoffs to primarily impact Houston’s operations



IRVING, Texas (KTRK) – ExxonMobil’s Houston management offices will be affected mainly by job cuts that the oil giant announced Thursday.

In a press release, the company said it predicts around 1,900 workers will be affected by workforce cuts through “voluntary and involuntary programs.”

As it did with similar energy companies recently, the Irving-based company said the pandemic’s impact on the effort “improves efficiency and reduces costs”.

“The company recognizes that these decisions will affect employees and their families and has put these programs into action only after thorough evaluation and careful consideration,” the company concluded in the statement. your fox. “Employees who are separated through involuntary programs will be provided support, including severance and termination services.”

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Earlier this month, the company announced it was cutting 1,600 positions at its European branches.

As of 2019, the Irving-based company employs approximately 74,900 workers.

Just six years ago, ExxonMobil opened a modern campus in Spring, just off I-45 and Hardy Toll Road, home to its four affiliated companies.

In addition, the company holds the Baytown complex, considered one of the “largest and largest technologically integrated refining and petrochemical complexes in the world.”

As of mid-Thursday morning, ExxonMobil was trading at just $ 32.46 a share.

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