Exxon expects $200 million in fees this 12 months for job cuts By Reuters
© Reuters. FILE PHOTO: A emblem of the Exxon Mobil Corp is seen on the Rio Oil and Fuel Expo and Convention in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes
(Reuters) – Exxon Mobil Corp (NYSE:) on Wednesday mentioned it estimates $200 million in fees this 12 months associated to job cuts, in line with a regulatory submitting.
Whole money outflows can be between $400 million and $600 million, the corporate mentioned. Value financial savings are prone to vary between $1 billion and $2 billion per 12 months versus 2019 ranges. The severance price estimate doesn’t embody job cuts associated to adjustments within the firm’s portfolio, it mentioned.
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