Exxon Mobil is set to lay off approximately 400 workers in Texas as part of the ongoing integration process following its recent merger with Pioneer Natural Resources. According to a Worker Adjustment and Retraining Notification (WARN) notice filed by the Texas Workforce Commission, the layoffs will affect employees at five locations across the state, including Big Lake, Irving, and Midland.
The mass layoffs, which will occur over the next two years, are slated to begin on December 31 and continue through May 2026. The notice indicates that a significant portion of the layoffs will be concentrated at a facility in Irving, situated roughly 16 miles northwest of Dallas.
In response to the announcement, Exxon Mobil explained that the company has offered “transition roles” to impacted employees, though some workers have opted not to accept these positions. The company emphasized that its employment strategy remains unchanged and reiterated its commitment to retaining talent from Pioneer Natural Resources.
Read more: Appeals Court Sides with Exxon, Chevron in Price-Fixing Lawsuit
“The success of this merger depends heavily on the retention of Pioneer’s talented workforce, and more than 1,900 Pioneer employees were offered jobs as part of the merger,” Exxon Mobil said in a statement to USA Today.
The layoffs come after Exxon Mobil’s merger with Pioneer, which has reshaped the landscape of the oil and gas sector. Despite these job cuts, Exxon has made efforts to ensure the continuation of Pioneer’s workforce through new employment offers as part of the consolidation process.
The Texas Workforce Commission, which oversees workforce development services in the state, issued the WARN notice, a formal requirement whenever large-scale layoffs are planned, as per guidelines set by the U.S. Department of Labor.
Source: USA Today
Featured News
Judge Appoints Law Firms to Lead Consumer Antitrust Litigation Against Apple
Dec 22, 2024 by
CPI
Epic Health Systems Seeks Dismissal of Antitrust Suit Filed by Particle Health
Dec 22, 2024 by
CPI
Qualcomm Secures Partial Victory in Licensing Dispute with Arm, Jury Splits on Key Issues
Dec 22, 2024 by
CPI
Google Proposes Revised Revenue-Sharing Limits Amid Antitrust Battle
Dec 22, 2024 by
CPI
Japan’s Antitrust Authority Expected to Sanction Google Over Monopoly Practices
Dec 22, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand