“We still have some significant headwinds, more work to do and, unfortunately, further reductions are necessary,” Woods said in a company letter to employees Wednesday. September 2, 2020. “I’m proud of our company’s response efforts,” said Woods. In this file photo taken on January 5, 2016, an Exxon gas station is seen in Woodbridge, Virginia. This is because when a company layoff staff because their position has been eliminated, the company is likely to offer severance pay if they can afford it. 'We have no layoff plans,' Exxon CEO tells shareholders, U.S., European oil companies make opposing bets on future. Print. ENERGY TRANSITION: U.S., European oil companies make opposing bets on future, “These are difficult times,” Woods said. 0. Importantly, the reductions will not compromise the scale, functional excellence and cube development advantages that are maximizing resource recovery and value in the Permian. Exxon through the new review, categorised its employees based on their performance and employees at the lowest rank “Needs Significant Improvement” are at the risk of being terminated, according to the quoted internal documents. Stay up to date with the latest from ExxonMobil. On Wednesday, Woods reversed course, telling employees at a town hall meeting at its Spring campus that layoffs are inevitable. Sweet Crude Limited is a media company which publishes SweetcrudeReports and provides media consultancy services for both local and foreign entities either already operating in Nigeria or looking to start up operations in-country. Do NOT follow this link or you will be banned from the site. Exxon’s exit left Chevron as the only energy stock on the Dow. University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights. The documents show that people who have been at the company for less than two years were asked to leave the company if they are placed in the lowest ranking — as was the case for the two former employees who lost their jobs despite reportedly being told that they would not have to worry about the rankings initially because they were newly hired. Facebook link opens in a new window Twitter link opens in a new window Linkedin link opens in a new window 1 Email link opens in a new window copy to clipboard. ExxonMobil plans layoffs but maintains faith in fossil fuels By. “On our offshore platforms, in our refineries, at our lubes and chemical plants and throughout our facilities worldwide, our people are getting the job done and meeting the world’s needs for our products while protecting themselves and others. Now this is a technology I'm excited about ... © 2020 Sweet Crude Limited Powered By Sweet Crude, Minister laments neglect of mining sector, South-South youths demand employment from NPA, ExxonMobil announces finalists for second annual power play awards, Oil spill from NAOC facility rocks Sylva’s community, NCDMB trains 30 graduates on Marine Survey, PENGASSAN declares support for #EndSARS protest, We didn’t order shutdown of fuel stations, oil installations – NUPENG, World Day for Decent Work: Government should put in place recovery, resilience plans – NUPENG, NSE: Oando opens week’s trading with gain, IMO, ECOWAS and GGC to tackle insecurity in the GOG, Marine Insurance: African Ship owners consider Continental P&I Club, Ship insurance costs soar after Middle East tanker attacks, London marine insurers widen Middle East threat zone after ship attacks, OPEC daily basket oil price closes at $40.91 per barrel, OPEC daily basket oil price closes at $40.88 per barrel, OPEC daily basket oil price closes at $41.04 per barrel, Why states can’t control minerals – Mines & Steel Minister, Minister laments neglect of mining sector, Rivers denies comment on CBN, Zamfara gold mining, ExxonMobil to explore new carbon capture technology. Show full articles without "Continue Reading" button for {0} hours. Print Top. Exxon Mobil, still reeling from massive oil bust, to lay off workers after all, © SAUL LOEB, Contributor / AFP Via Getty Images.

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