ExxonMobil

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Manufacturing
(19) Manufacture of coke and refined petroleum
19.2 - Manufacture of refined petroleum products and fossil fuel products
19.2 - Manufacture of refined petroleum products and fossil fuel products
1,537 jobs
Number of planned job losses
Job loss
Announcement Date
5 July 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 December 2005

Description

The petrochimical group, ExxonMobil, announced a Europe-wide restructuring plan affecting 1537 jobs. The project aims to centralise the totality of the managerial teams in a single European centre, which will be based in a country at reduced social cost. In Europe, the group employs directly 24,000 persons on 29 units and owns 106,000 gas stations.

Sources

  • 5 July 2003: Les Echos

Citation

Eurofound (2003), ExxonMobil, Internal restructuring in European Union, factsheet number 60053, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60053.