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Out of here

AW in his TH in Asia Pacific is so full of himself. It just goes to show how out of touch the leaders are. Employees, you are nothing but a commodity, like a cow or horse for sale. Imagine telling the entire population who were present that your wife accompanied you on the trip (which is fine) and was out sightseeing and shopping, while you messaged to the livestock why they are being sold. And sarcastically replying to one employee who asked about what's left with his job scope. For those impacted, stay positive, you might be better off in the new company. Chevron has zero interest in Asia Pacific.

#Leadership #ToxicLeadership #APAC #Divestiture #BadMorale

Moving headcount into SG&A hurts the long-term outlook

More and more orgs are rolling LATAM and APAC headcount directly into their SG&A. This allows for a more favorable SG&A as a % of sales when sales don’t increase. The expectation is everyone is global and the jobs can be done anywhere. However, these types of moves tend to be short-sighted and create operational execution deficiencies later. This reeks of a short term CEO chasing stock price gains and a near-term exit. It also hurts the long-term outlook of 3M staying together. It is already just 3M-in-name-only

I was looking for Germany updates and came across this post. Figured I'd bump it so it doesn't get buried in replies. OP: @dp+1kjbhbg8a

#APAC #CEO #Headcount #LATAM

APLA next steps

It's been leaked internally that the long term plan for APLA is now finalized.

CS WILL BE PROMOTED to chief strategy officer join me in congratulations on this big announcement for them.

APLA will be absorbed into apac and north America.

North America and latin America will become Americas.

Greater China will become Asia Pacific.

This leaves just three geos which will make things faster, most noble and efficient.

AMER
APAC
EMEA

Im really happy about this change and think it's a great move for everyone.

#Reorg #OrganizationalChange #Promotion #APAC #LATAM

APLA and CS

Does anyone have any more information on this?

The last I heard was the following;

APLA will transition to APAC, Latin America will join North America and CS will transition to a new role called VP, Global Geo Ops, which will be all about tying together the geos for consistency with a focus on brand and product. They will report directly to AM.

CHEERS

#APAC #Acquisition #Change #Company #Global

London

They keep laying off people. They are also moving as many jobs as possible to EMEA + APAC but it's not going as fast as they would like as some roles are hard to move. I do not doubt for a second that they will continue with this and that, eventually, everything meaningful and with scale, will be moved out.

#APAC #EMEA #JobSecurity #Layoffs #WorkforceReduction

ExxonMobil's Singapore layoffs highlight global pressures on oil and gas sector: Analysts

The petrochemical sector is struggling with weakening demand, overcapacity and a global pivot towards cleaner energy, analysts point out.

SINGAPORE: ExxonMobil’s decision to cut up to 500 jobs in Singapore signals wider industry challenges from declining demand and rising supply, analysts said.

The US energy giant on Wednesday (Oct 1) said it plans to reduce 10 to 15 per cent of its workforce in Singapore by end-2027, calling it a move to improve competitiveness in an “ever-evolving landscape” and to "position the business for future success".

The announcement followed a global restructuring plan unveiled a day earlier, which will see the company laying off 2,000 jobs worldwide, or 3 to 4 per cent of its workforce.

Analysts pointed out that ExxonMobil's cuts reflect broader challenges across the sector.

“It's a demand-supply story affecting international oil and gas companies,” said energy consultant Tilak Doshi.

“Crude oil prices are down, margins are down, revenues are down … So how do they respond to it? By cutting back.”

Other major US oil companies, including Chevron and ConocoPhillips, have announced job cuts this year, as Brent crude prices fell by about 12 per cent this year, driven by rising OPEC+ supply.

The sector is also facing weakening demand and overcapacity, particularly with the growth of petrochemical plants in China, said former Energy Studies Institute visiting senior fellow Leow Foon-Lee.

Singapore is not insulated from these challenges, given its role as a regional refining hub, he said.

Beyond oil demand and supply, companies also face uncertainties from trade tariffs and pressures to restructure as artificial intelligence reshapes operations, said Mr Leow, who is also an adjunct professor at Nanyang Technological University's business school.

SHIFT TO GREEN ENERGY
Besides ExxonMobil, other oil giants in Singapore have cut back their businesses in recent years.

In May last year, Shell sold its Bukom refinery in Singapore – one of the world’s largest oil refining and trading centres – to Indonesian firm PT Chandra Asri and Swiss-based Glencore, having earlier announced plans to cut 500 jobs over three years.

Structural shifts in the industry are being driven by the global transition to cleaner energy, automation and stricter regulations, said Dr Roger Fouquet, principal research fellow at the Energy Studies Institute at the National University of Singapore.

Singapore, like other parts of the world, is moving towards deploying cleaner energy with a goal of achieving net-zero carbon emissions by 2050.

The country was the first in Southeast Asia to implement a carbon tax in 2019. Businesses that emitted more than 25,000 metric tonnes of greenhouse gas a year had to pay S$5 (US$3.90) per tonne of carbon dioxide equivalent produced.

This tax was raised to S$25 per tonne of emissions in 2024, and will eventually be raised to S$50 to S$80 by 2030.

Analysts stressed, however, that current layoffs are tied more to demand and supply than to carbon policy.

SINGAPORE'S EVOLVING ROLE
Despite the turbulence in the industry, analysts said Singapore's petrochemical hub role is not diminishing but evolving.

"The rationalisations are paving the way for a more resilient … and future-driven market and environment,” said Mr Timo Tumuscheit, vice-president of business development for chemicals at Argus.

He said Singapore is “moving up the value chain” by focusing on more specialty chemicals, which are higher-value, produced in smaller quantities and tailored for specific functions.

Momentum is also building around biochemicals, carbon capture and low-carbon fuels, which reflect the region's shift towards more sustainable energy systems.

Although Singapore is now a hub for liquefied natural gas and bunker fuel, the fuel mix will change to cleaner fuels in future, said Mr Leow.

“And so our role has not changed. It's just the fuel mix has changed,” he added.

Mr Tumuscheit agreed: “Singapore, as a petrochemical hub, will always remain a major player and an important hub in the region and globally.”

https://www.channelnewsasia.com/singapore/exxonmobil-layoffs-petrochemical-industry-challenges-cleaner-energy-5382121?cid=cna_flip_070214

#Layoffs #OilAndGas #APAC #Restructuring #Energy

After wellness week

It will be announced that a new geo will be formed AMER which stands for Americas north and south.

APLA will disband and GC will become APAC.

EMEA will remain but absorb India becoming EMEIA

CS - AMER
CG - EMEIA
AD - APAC

TP will once again retire

#EMEA #USA #APAC

EMEA?

Is this confirmed?

Coming soon, should be done by August end. Same quotas. Lists submitted weeks ago. Few APAC countries first, then EMEA. That said OCIs timeline will be a bit different than GBUs, OHAI and so on.
OP: @a5+1k2mw425c

#EMEA #APAC #Cloud