ExxonMobil also tries to continually improve operations, such as boosting yields or running plants more reliably. Pryor boasts that the chemical company has been able to keep fixed costs nearly flat for a half-dozen years. “The beauty is you never get into slash and burn,” he says. “Even in the crash in 2009, we never laid off one person, we never canceled one project, we never shuttered one facility.”I'd like to know if that's true. A brief Google search indicates that it seems to be true, but I don't know that sector very well.
Friday, March 13, 2015
ExxonMobil Chemicals exec claims no layoffs in 2009 - is that true?
From this week's C&EN, the outgoing president of ExxonMobil Chemical, Stephen Pryor, makes an interesting claim during his conversation with Alex Tullo: