Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
ExxonMobil, an international petrochemical company, has announced a global restructuring plan that will cut 2,000 jobs by the end of 2027.
In Belgium ExxonMobil 2025-BE, 337 positions are at risk, mainly at the Brussels headquarters and technology centre, with further reductions at production sites. In the Netherlands ExxonMobil 2025-NL, approximately 140 jobs will be cut, mostly in Rotterdam. The restructuring includes closing smaller offices across Europe and moving operations to a new European Technology Centre at the Antwerp refinery (Belgium).
The restructuring is part of a broader global downsizing plan affecting 2,000 jobs, with 1,200 job losses concentrated in Europe, including 600 direct layoffs. About half of the cuts will hit Canada through its subsidiary Imperial Oil. The company cites the need to remain competitive and criticises EU regulatory complexity as a barrier to investment. The restructuring follows previous exits in France, Italy, Norway, and Germany, fuelling union concerns about a broader retreat from Europe.
ExxonMobil, headquartered in Houston, employs about 61,000 people worldwide and remains one of the world’s largest oil and gas producers.
Eurofound (2025), ExxonMobil, Internal restructuring in World, factsheet number 203426, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203426.
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