Exxon Mobil to cut nearly 400 jobs in Texas, filing says By Reuters
DENVER (Reuters) -Exxon Mobil will decrease virtually 400 jobs in Texas following its aquire of shale producer Pioneer Pure Assets (NYSE:), based mostly totally on a regulatory submitting.
The company will decrease 376 jobs in Irving, Texas, and 18 workers in Midland, based mostly totally on the submitting with the Texas Crew Rate.
About 1,900 Pioneer workers were supplied jobs as part of the merger, and a majority of these authorized their provides, the submitting talked about.
“Our employment technique has now no longer changed – the success of this merger is dependent intently on the retention of Pioneer’s talented body of workers,” the WARN letter talked about. Under U.S. labor law, employers must in some circumstances present come question of layoffs.
Exxon will release 110 workers by the tip of 2024 and one more 178 throughout 2025. The remainder of the cuts – about 100 workers – will rob space in 2026.
A spokesperson for Exxon Mobil (NYSE:) did now no longer directly reply to a demand for observation.