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Exxon weighs global job cuts after unveiling Australian lay-off plan

Exxon Mobil said on Wednesday it is assessing worldwide job cuts as the global coronavirus pandemic slices into fuel demand, with the largest U.S. oil company announcing voluntary layoffs in Australia in the latest in a wave of cost cutting.

Exxon and other oil majors are axing jobs spurred by a historic collapse in fuel demand because of the COVID-19 pandemic.

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