Home ›› 30 Oct 2020 ›› World Biz
Exxon Mobil said Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part by the hit the Covid-19 pandemic inflicted on oil prices.
The US oil giant said the job cuts would primarily impact management staff in Houston, through a mix off of voluntary programs and involuntary layoffs.
US oil prices currently traded below $40 a barrel, more than $15 a barrel under the level a year ago.
(Source: BSS)
