Oil and Gas industry sees further cuts as US oil and gas company ExxonMobil announced it would slash 1,600 jobs in Europe, more than 11% of its workforce in the region, as it struggles with the hit from the coronavirus downturn. “The impact of Covid-19 on the demand for ExxonMobil’s products has increased the urgency of the ongoing efficiency work,” the Texas-based company said in a statement. The company said the job cuts would happen by the end of next year.
Deep dive into the industrial service business.
Join our community to receive analysis, insight, news and more.
Success!
We will never share your data