Exxon Mobil plans to cut up to 500 jobs in Singapore by the end of 2027, representing a 10% to 15% reduction of its local workforce. The move is part of a broader global restructuring plan, announced following the company’s decision to eliminate 2,000 jobs across several regions, notably in Canada and the European Union.
Consolidation of operations at Jurong site
The group, which currently employs approximately 3,500 people in the city-state, stated it would also relocate its downtown offices to its Jurong industrial site. This move is aimed at centralising operations and streamlining administrative costs. The company noted that the new organisational structure is still being developed but is expected to result in job cuts primarily across office-based functions.
In a statement, Exxon Mobil Singapore said these adjustments are intended to adapt its operating model to “an ever-evolving environment” and to strengthen long-term competitiveness. No specific information was provided regarding the departments affected or the implementation timeline.
Maintaining industrial activity in Singapore
Exxon Mobil reaffirmed its industrial commitment to Singapore, where it operates two refineries: one on the western coast at Pioneer Road and another on Jurong Island. Combined, these facilities have a processing capacity of 592,000 barrels per day. In October, the company started production at new units designed to convert residual fuel into base stocks at its local refining complex.
This industrial activity, which constitutes one of Exxon’s largest refining hubs outside the United States, will not be affected by the announced workforce reduction. The shift to the Jurong site will have no impact on production operations, according to information released by the company.
Investment and operating cost optimisation
The office consolidation and staff reduction are part of a broader strategy to optimise the group’s investment in its Asian assets. Singapore serves as a regional hub for Exxon Mobil’s manufacturing, logistics, technology and trading functions.
The company did not specify whether new investments are planned at the Jurong site, but confirmed the restructuring aims to ensure the economic sustainability of its local operations. Management indicated that detailed planning is underway and the final organisational design will be established in the coming months.
