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Management agreed that jobs had to be eliminated to help the company survive. The decrease in jobs and other benefits aided in a 3.8 billion dollar annual savings. Exxon Mobil abolished 16,000 positions from its Houston, Texas location. Unlike some companies, 1000 cuts will come from it executive positions in its global operations. The task was completed by the end of 2002. Exxon Mobil in Baton Rouge, La is anticipating plant shutdowns and layoffs. The union has been very vocal in this business decision. Although the union do not believe the Louisiana plant will be hit hard it is inevitable salary employees will face downsizing...
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