Exxon to cut 1,900 US jobs as pandemic hurts demand

Exxon to cut 1,900 US jobs as pandemic hurts demand
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30.10.2020

MOSCOW (MRC) -- Exxon Mobil Corp announced it will lay off about 1,900 employees in the United States as the COVID-19 pandemic batters energy demand and prices, reported Reuters.Exxon was once the largest US publicly traded company, but has been cutting costs due to a collapse in oil demand and ill-timed bets on new oilfields and expansions. It has promised to shed more than USD10 billion

Full article at mrcplast.com

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