Exxon to close two Houston-area office towers after staff departures
HOUSTON (Reuters) - Exxon Mobil Corp plans to close two office towers in the Houston area to consolidate staff on the main campus as costs will be reduced after staff departures, the company said on Friday.
Exxon announced a plan last year to reduce its global workforce by 14,000 after a historic annual loss of $ 22.4 billion.
The remaining employees in the two office buildings known as Hughes Landing in The Woodlands, TX will be relocated to the company's main campus in the Houston area, said Exxon spokesman Casey Norton. Bloomberg reported the news first.
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The closure of the two offices meant the company could see more than $ 1 million in tax cut deals with Woodlands Township that required a minimum number of employees.
"When the tax discussions are over, we look forward to welcoming these employees back to our larger space on the Houston campus," Exxon said in a press release.
The company ran performance appraisal programs that resulted in layoffs and voluntary resignations. These positions could be filled and should not further reduce the workforce, said Norton.
(Reporting by Sabrina Valle; Editing by Richard Chang)
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