Is it true?
What is the scope?
What is the timeline?
14 replies (most recent on top)
Why pay more if you can get the job done with same quality at lower cost?
A lot of KLTC hiring are graduates from western or top local universities, so the company is getting very good employees to join the company. The only challenge is to retain them, because top employees are marketable and easily get job somewhere else. If Clinton employees are talented, they can also get a new job somewhere else. Unless you don't have the skills to offer to the new employers, as you have been only attending meetings after meetings in your job.
I heard Clinton jobs will be moving to Malaysia. So all you company people should be ready to turn the lights out.
All I can say about offshoring work is that you get what you pay for.
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Senior Leadership = Shareholders. How many of the employees have RSU from the company?
Don't share about the consolidation news in this forum...it is a company secret and should not be reveal to outside world until it is officially announce...don't you take your yearly compliance training ? aren't you afraid that it will effect your performance assessment next year ?
Unlocking value chains to increase shareholder value
India is definitely a great value proposition! We are looking forward to it. 🙏🏾
EMRE and EMCC Research is already shedding staff in North America before they are merged. We should expect some research and engineering work in North America and Europe to be transitioned to lower cost countries such as Malaysia and India.
You also have hardworking people in BTC that provides good quality of work...If cost of 1 US employee = 4 BTC employees, I don't see any reason why the company should not move the jobs to BTC...
Btc has and will be hiring by the hundreds to prepare for the incoming work.
Mediocre quality of wok + high quantity of staff + low cost = win in Xom managements view
We have been successfully offshoring jobs to lower cost countries for 15+ years.
For example, when you receive your tax documents (W-2) in North America you will notice that the location is Buenos Aires, Argentina.
SAP Accounting moved from Houston to Buenos Aires approximately 15 years ago. The Buenos Aires accounting, finance, and controllers traveled from Buenos Aires to Houston and were trained by their Houston based counterparts. After the training, the Houston employees were redundant.
At the time, an Argentine employees were 1/7th the cost of a Houston employee.
We should expect that additional North American jobs especially in Houston and New Jersey to be offshored to Malaysia and India in the next 12 months.
India and Malaysia is also 1/5 to 1/7th the cost of a Houston employee.
And TMTS and BMR (programs to move work to remote low cost centers such as India and Malaysia) will put additional pressure on the people doing the work. But I’m sure senior management will push middle management to control the situation and try to minimize the damage with lies and half truths. For example you aren’t losing you job to someone in India, people like you are our most important asset, you aren’t training your replacements, I wish I was a young person starting my career at ExxonMobil with all the opportunities being made available, and so forth.
Yes, have been hearing this for few months.
I predict that Senior Management redundant positions will be consolidated but all the working people are stretched thin and optimized to fullest.