Probably in relation to the announcement of Uk and Belgium chemical assets sales (or shutdown). The European Work Council is summoned to a meeting at the end of the month. Generally, it's no good news.
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The rollout of Polaris and Artificial Intelligence especially for Global Customer Support will result in headcount reduction in Prague and Budapest.
As one V.P. stated a few years ago, we do not spend money on global software and SAP upgrades unless we are able to reduce headcount.
@gk, don't forget aslo the Prague and Budapest offices. Fewer sites mean less support is needed. Not saying they'll be shut down, but they could be significantly trimmed.
Fawley being sold to who then exactly? Trafigura again or North Atlantic or?
@ep wasn’t the case for comma
@ep u wa-ker
My money is on Brussels office shutdown, fife shutdown and APP/MPP
Shutdown. This will lead to major layoffs.
@ep+1k4q0egrb Don't believe that is correct, TUPE applies.
Sale to be announced 4q25, delayed due to the North Atlantic purchase of Esso SAF.
Can’t sell UK without I&C consultation u clown
@b8 sold?
UK doesn't need this because there's no equivalent of the works Council, plus UK business is sold so also no need for a consultation process.
Likely coincides with closure of all EM chemicals manufacturing. Some might remain for chemicals assets that share the refinery site.
Exxon definitely reducing footprint significantly in Europe, they are assets that add nothing to the company future vision.
UK has already been through recently, think Europe instead.