ExxonMobil confirms US job cuts in broader drive to reduce global workforce

first_imgThe US oil major is planning 1,900 job cuts in its home state Texas, as well as sweeping reductions across worldwide operations that could impact 15% of its global workforce The oil firm announced plans reduce its European workforce earlier this month (Credit: Jonathan Weiss/Shutterstock) Exxon is planning major job cuts across its US and global operations, as it seeks to restructure amid the ongoing disruption of coronavirus.The company said today (29 October) that around 1,900 employees at its US operations – primarily at its management offices in Houston, Texas – will be affected through voluntary and involuntary reductions.Earlier this month, the US oil major confirmed plans to cut around 1,600 positions across European operations before the end of 2021, saying “significant actions are needed at this time to improve cost competitiveness and ensure the company manages through these unprecedented market conditions”.The staff reductions are part of a broader “global review” of Exxon’s operations announced earlier this year. The company said in a statement: “The impact of Covid-19 on the demand for ExxonMobil’s products has increased the urgency of the ongoing efficiency work.”Total planned workforce reductions are ultimately expected to affect around 14,000 people globally – around 15% of Exxon’s entire workforce – company spokesperson Casey Norton told Bloomberg.These include the previously announced cuts, and will be split between employees and contractors, with future reductions planned for Canada and elsewhere. Exxon not the only oil giant to make sweeping job cutsExxon is not alone among oil majors in slimming down staffing operations. The unfolding market crisis triggered by the pandemic, and longer-term concerns about the impact of the energy transition on fossil fuel businesses, have forced oil companies to tighten their purse strings and seek out marginal gains across global operations.Capital spending budgets for the year have been slashed industry-wide, with Exxon cutting its own by 30% back in April, down to $23bn.Already this year, European rivals BP and Royal Dutch Shell have announced their own planned workforce cuts – of 10,000 staff and 9,000 staff respectively.Both companies are seeking to streamline their operations as they pivot away from traditional oil and gas markets and focus more heavily on renewables and clean energy services.In the US, Chevron is planning a 10-15% reduction of its own workforce, which would affect roughly 6,000 people. Reuters reported earlier this week that, on top of these planned cuts, around 25% of the staff at newly-acquired Noble Energy will be let go as the merger is completed.Yesterday, Exxon declared a fourth-quarter dividend of $0.87 per share – unchanged from the previous quarter in which it posted a $1.1bn loss. It was its first consecutive quarterly loss for decades, having declared a $610m loss for the first three months of the year.The company will provide its latest quarterly earnings update tomorrow.last_img read more

Franck Kessie’s agent responds to Arsenal transfer links

first_imgAdvertisement Kessie is set to stay in Milan (Picture: Getty Images)‘Now there is a project under development and for this reason, the present leads me to think that the future can also be red and black.‘We are in one of the most important clubs in the world, which certainly does not experience the moment of greatest splendour, but which intends to revive itself.’Kessie, for the time being, is stuck in his home country amid the coronavirus crisis, despite Milan calling their players back for training.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘Ivory Coast has closed its borders and for this reason it is not easy to bring him back, but I know Franck trains every day to be ensure he is ready, and he tries to make himself useful also from a social point of view,’ added Atangana. ‘He sent food for families in difficulty and gave masks and disinfectants. In a situation like this, whoever can help must do so.’MORE: The bizarre new rules coming to the Premier LeagueMORE: Fergie warned Man Utd stars against going out in LiverpoolFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. Metro Sport ReporterMonday 27 Apr 2020 12:12 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link436Shares Kessie has been linked with Arsenal (Picture: Getty)Franck Kessie is planning on staying at AC Milan despite speculation linking him to Arsenal, according to his agent. The box-to-box midfielder moved to the San Siro in 2017 and has established himself as a regular for the Rossoneri. This season he has started 21 of their 26 Serie A games this season, with head coach Stefano Pioli viewing him as a vital cog in his midfield. The impressive performances of the 23-year-old since Pioli’s appointment in October has seen him be linked with several clubs abroad. ADVERTISEMENTRead the latest updates: Coronavirus news liveArsenal are thought to be among the clubs interested in his signature, with Wolves and West Ham also in the hunt to land him. AdvertisementAdvertisementBut his agent, George Atangana, appeared to pour cold water on any exit talk.‘I remember that we joined Milan when they were a gamble, we did it because this is a club that has always meant a lot to us,’ Atangana told Calciomercato. Comment Franck Kessie’s agent responds to Arsenal transfer links Advertisementlast_img read more

Twisters Win Streak Ends Against Cardinals

first_imgOA at Seton Catholic (5/7/19)OA          000 000 0             0  4  4SC           010 033 x             7  6  1For OA: Adam Huber 1-4, double; Andrew Oesterling 1-4, sb; Chris Hautman 0-2, bb; Michael Hoff 0-2, bb; Riley Schebler 1-3; Pros Moorman sb; Patrick Thompson 0-2, bb; Jordan Stenger 1-3.Andrew Oesterling 5 IP, 4 earned runs, 3 hits, 4 k, 6 bb, hbp-Loss; Riley Schebler .1 IP, 3 runs, 1 earned, 3 hits, 1 k, 2 bb;  Hunter Sullivan .2 IP, 0 runs, 0 hits, bb.Varsity record: 12-6Courtesy of Twisters Coach Doug Behlmer.last_img read more