ExxonMobil announced that it will cut around 300 positions at the company’s integrated refining and petrochemical manufacturing complex in Singapore. Unprecedented market conditions resulting from the COVID-19 pandemic accelerated ongoing reorganization and work-process changes that will improve the company’s long-term cost competitiveness and ability to manage through near-term challenges. The complex, which includes a 592 kbpd refinery and 1.9 mta ethylene plant, continues to be a strategic location for ExxonMobil. The company currently has over 4,000 employees there.