Exxon Oil Traders in Belgium Protest Move to London
- Traders take part in demonstration outside Brussels office
- Around 37 trading-related jobs at stake, according to unions
Protestors outside Exxon Mobil Corp.’s office in Brussels, on April 30.
Photographer: John Ainger/BloombergThis article is for subscribers only.
Some Exxon Mobil Corp. trading staff protested outside the oil giant’s Brussels office Tuesday over a decision by the company to move the trading floor to London, which they say will result in job cuts if they don’t agree to the new assignments.
Around 50 employees assembled outside Exxon’s red-brick office, a stone’s throw from the NATO military alliance headquarters on the outskirts of Brussels, to protest hundreds of job reductions over the past three years. Roughly a fifth those who took part work on the company’s trading floor and will lose their jobs if they don’t relocate, according to union representatives. In total, around 37 trading jobs are at stake.