Oh good can’t wait to finally get out of this crazy cruel hypocritical place! Give me package! I’m ready to retire, don’t need another job at Aster or wherever else… give the job to those younger people
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The exit from Singapore begins.
Aster Chemicals said to weigh bid for Exxon Mobil's Singapore fuel stations
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is reportedly planning to bid for Exxon Mobil's (NYSE:XOM) petrol stations in Singapore.
The sale of the Exxon Mobil retail outlets is entering the formal bidding stage, with binding offers due in May, Reuters reported on Friday.
The network of 58 petrol kiosks is valued at roughly $1 billion, although none of the initial bids have exceeded that level, the report said.
The sale has attracted the interest of private equity firms and asset managers. However, it was not clear which financial firms plan to bid.
The sale will mark Exxon's exit from Singapore's retail fuel sector as the government plans to reduce land transport emissions by switching to electric vehicles. In 2023, Exxon sold its gas stations in Thailand to Bangchak Petroleum for $603 million.
Aster, the joint venture between Indonesia's Chandra Group and global commodities trader Glencore, recently acquired Shell's (SHEL) refining and petrochemical assets in Singapore in a deal that excluded the energy major's petrol stations.
https://www.msn.com/en-us/money/markets/aster-chemicals-said-to-weigh-bid-for-exxon-mobil-s-singapore-fuel-stations
PIP is a loophole for the company to remove excess employees without paying formal retrenchment packages. EM is damn good in doing it after Covid. Employees with 25 years of service only need to pay 3 months pay to lay off.
Layoffs and PIP/NSI is occurring in these countries.
(1) USA
(2) Singapore
(3) Belgium
(4) United Kingdom
(5) France
(6) Australia
(7) Canada
(8) The Netherlands
(9) Italy
(10) Germany
Nothing official, but ranking is encouraged to be flat to down. A lot more downward pressure
If no layoff during election, then those who got unfairly pip past few years will swing their votes? Really everything also can link back to election
LinkedIn posts are meant for to target 1 thing, to get headhunted. Those who post regularly are always the first to leave. Your DH is likely planning the exit. Just stay and watch the drama La sia
trying hard on linkedin. seriously leh whats going on with exxon? sh-t needs to be corrected liao or else goodbye. just be authentic. every sh-t posts on linkedin. damn fake already.
lay off before election will impact PAP votes
DH in kltc easy ar, just post linkedin on the cultural stuff can already. Show that EM got culture in KL
how the he-l so easy leh to become DH in KLTC. no need to become supervisors suddenly DH/Manager. DH first time doing PA. we all die leh!!! singapore so slow liao. i just saw the chart. crazy liao. what happened to the company. favorism?
SLS protected in ranking still want to claim credit for what i do..walau wei...
where is KLTC or btc thread? i want to read leh
The only transformation I can see in EM is, it is getting more and more sc--w up
I love BTC
Em Singapore career already gone since covid, when they started pushing transformation
Sorry to hear that. My advice is to seek an attorney's advice.
Either way, your career (or rather more precisely, job) with Exxon is over, but at least you won't get pushed around
Expect the HR or PGA guys to thumb down this post
I got PIP and my supervisor intentionally find faults and pressurised me to to put down the final signature but I do not agree with it. What should I do?
comrade ncm will save us from layoff
Shell exited without informing government? they talked about exiting Bukom for years and the employees were informed last May, one whole year in advance about their layoff. For at least 3 years people had zero motivation to work and were waiting for package, like we are doing now. Many are now saying their final goodbyes. I hope EM does better - don't drag it out like Shell did, and give us the quick and easy exit
shell exited without informing govt also leh
You think this Ang mo company run by trump ah? All subjected to local governance and guidance. Want to lay off also need review of plan and execution by local agency before approval. So confirm won’t be before election.
layoff and elections got link meh, ang mo company leh
@7fj5+16zEvLP3 This month unlikely for us… it will be tough to announce the biggest oil company layoff people right before GE lah. Will cost the PAP votes, then PGA cannot adopt blocks or kawan with mayor. School holidays also unlikely. Hope immediately after SG60 celebrations lah!
SLS life not difficult what, weekends need to support break in or not? they just need to make sure you go back to support. Just ask question and act like showing support. When you need support, they always not around
Any layoffs happening this month?
Sls life more dog than ssoc pls. Unless go HbF still got chance to be corgi
EM, please give us these 45+ year-old old dogs who are waiting, the best SG60 ang pow please
don't leh, alot of ssoc people waiting to be sls leh. if not they stuck and live like a dog even longer
ExxonMobil, like many large companies, invests heavily in hiring top talent, especially from elite programs. You go through years of development, internal certifications, mentoring, and then suddenly—bo-m, PIP. It's frustrating, especially when it's clear the issue isn't necessarily performance, but cost-cutting or restructuring.
The irony is, instead of trimming the real fat—layers of management, bloated organizational charts, endless meetings—they focus on the people doing the actual work. You end up with situations where there are more managers than engineers or technical staff in a room, and decisions take ages because they’re being filtered through so many layers.
Do we need so many SLS, department heads, and managers? Probably not. A leaner, flatter organization would not only cut costs more sustainably, but also empower the technical staff who actually keep the business running.
It’s not just about cost—it’s also about long-term health of the company.
Hopefully, in the coming months, a new team will streamline the organization and address the excess layers.
What spy. It is well known fact that both PR and HR frequent these threads since the 2020 layoffs. It’s their job to know what is being discussed and spread. It’s their job to protect the image of the company. You must be dull to think that they are not combing everything here.
How come some posting gone ah
Got EM spy here is
Relax lah EM just a posting only what
We also sprint to 1B posting
When they throw you into another department which is at risk. That being said, it your career is still owned by the sending org, hence they will need to take you back when things don’t go well. You will know that you are sc--wed when your sending org refuse to take you back when sh-t happens.
That being said, if you are low calibre, all roles will seem like “made for you to fail”. Just blame yourself.
how to know whether i am put into a new role designed to fail?
i like how your low class rumors here. so funny
Let’s not forget the longer you spend waiting in EM for that low probability of termination package, you are wasting your life away leading you to be less employable in the open market..
Nowadays things works very differently outside. Last time EM used to be the golden standard from the top till the bottom and other companies recognised it, which I am very proud of..
But now EM remains the golden standard for it C level people only. Especially DW pay packages.. This company was build to support his pay only and that is all…
Why should I still take initiative to do stupid stuff in em? Might as will I expand all type of leaves that I had to improve myself and find a way out of this he-l hole…
If you're fortunate, you may receive packages; otherwise, you'll only receive a PIP (Performance Improvement Plan). Those who have been placed on a PIP before should prepare themselves mentally, as there are rumors that being put on a PIP three times within five years will result in termination, and this is non-negotiable. Unless you're willing to challenge this decision and hire a lawyer to fight for your case, it may be best to accept the situation.
you guys think too much, Managers, DH and SLS are way more safer than the rest of you. They can put you on PIP, don't think about the package already
$1 billion = $1,000,000,000
Avg. Cost of Employee = $300,000 per year in Singapore
Head Count Reduction Needed = $1,000,000,000 divided by $300,000 = 3,333 employees that need to be laid off
Lao kui… maths fail. Don’t tell anyone you came out from Singapore school system that prides itself on STEM. $1B is $1,000M, not $10M. It’s 3,333 heads lah. If you make this kind of mistake at work heads will roll. This kind of standard still HC10 and complain everyday about India and KL. No wonder retrench
Assuming average $300k per year salary, need to release 33 DHs and senior leaders. 😝😝