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ExxonMobil set to axe 700 jobs in Houston, Texas

first_img ExxonMobil global headquarters in Texas. (Credit: ExxonMobil/Wikipedia.org) US oil and gas company ExxonMobil has announced a decision to cut more than 700 jobs in the Houston, Texas region, as per a notice submitted by it to the Texas Workforce Commission.According to the notice, the date for the layoffs is 2 February,  Reuters reported.The job cuts are part of the nearly 1,900 expected layoffs in the US, as announced in October 2020. Most of them will be at the company’s US headquarters in Houston.ExxonMobil revealed plans that the US job cuts will be carried out via voluntary and involuntary reductions.Amid the Covid-19 and the low oil prices crises, the company had announced a plan to cut its global workforce by 15% by year-end 2021. At the end of 2019, the company had a workforce of nearly 88,300 workers, which includes 13,300 contractors.In November, the company said that up to 300 roles will be affected by the end of next year across its Canadian affiliates, which include Imperial Oil, ExxonMobil Canada, and ExxonMobil Business Centre Canada.A month prior to that, the company revealed plans to lay off up to 1,600 employees across its European operations by the end of 2021.Last month, the oil and gas major said that it will record an impairment charge of around $17bn to $20bn after removing certain dry gas assets from its development plan.ExxonMobil said that it would focus its near-term capital spending on advantaged assets that have the highest potential future value.Recently, the oil and gas major reported a third straight quarterly loss in 2020. For the record, the company’s Q3 2020 net loss was $680m, and for the first nine months of the year, it had reported a net loss of $2.37bn. The job cuts are part of the approximately 1,900 expected layoffs to be executed by the oil and gas major in the US last_img read more

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Countrywide closures: IoW agent latest to shut branches

first_imgThe Countrywide closures saga continues after one of its agents on the Isle of Wight became the latest to have branches closed and staff redeployed or put through a consultation process.Watson Bull & Porter, which currently has eight branches on the island and had already closed its Shanklin office before the latest announcement, says it is to close a further two branches, possibly by the end of the year.The company, which has been trading for over 150 years, would not reveal which two offices would face closure as their staff are going through a consultation process before they close their doors.Countrywide released a statement to local media saying that “as always, we remain committed to working with colleagues to ensure that those who wish to be redeployed are supported in doing so”.The company also said that it had ‘updated’ all its staff last week on changes to its retail and London businesses about the “next phase of change which includes streamlining our branch footprint and strengthening our regional management structure”.The Isle of Wight closures are part of a move by Countrywide to slim down its operations which has included the amalgamation of several London agencies into the John D Wood brand.In September Countrywide revealed that is was due to close 59 branches, or approximately 5% of its total branch network during 2016 and 2017.The closures are part of the company’s Building our Future strategy implemented by CEO Alison Platt in October 2015, which included the creation of several senior roles. This has included three divisional managing directors, a retail commercial director, retail programme director and retail performance director as well as 12 regional retail directors, plus four new managing director roles within its London business.Isle of Wight Countrtwide Watson Bull & Porter December 9, 2016Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Countrywide closures: IoW agent latest to shut branches previous nextAgencies & PeopleCountrywide closures: IoW agent latest to shut branchesCompany says it is part of ongoing ‘streamlining’ process announced last yearNigel Lewis9th December 201602,032 Viewslast_img read more

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OnTheMarket slides into the red as it splurges on advertising and new staff

first_imgHome » News » Marketing » OnTheMarket slides into the red as it splurges on advertising and new staff previous nextMarketingOnTheMarket slides into the red as it splurges on advertising and new staffCompany’s half-year results reveal a £5.7m loss after spending £12 million on advertising and a large increase in IT, sales and customers service personnel.Nigel Lewis11th October 201802,002 Views OnTheMarket.com has revealed its first half-year results since joining the London Stock Exchange in February.They reveal an increase in revenue of £100,000 to £7 million, reflecting the high number of free introductory offers it has been offering the additional 5,600 branches it has signed up since going public.This has also pushed down its average revenue per agent to £153 a month from £194 during the same period last year.Following the £30 million raised from its share issue in February, the company’s results are skewed by the four-fold increase in marketing and recruitment signed off by CEO Ian Springett.This includes £12 million spent on a huge and ongoing TV and poster advertising campaign and a two-fold increase in its headcount including 25 additional field sales staff and a huge influx of over 30 new IT experts.Although the company still has plenty of cash in the bank, its losses have consequently been mounting over the past six months.It made an operating loss of £5.7 million or twice the loss compared to the previous half-year’s results and a whopping loss per share of £9.57p.“Compared with February 2018 when our IPO took place, OnTheMarket has doubled offices and properties listed, trebled monthly visit traffic and quadrupled email and telephone leads to agents,” says Ian Springett.“Our progress to date and the encouraging support for an agent-backed portal give us confidence that we can continue to build on this early growth to develop a market-leading, agent-backed portal. I am very pleased to report a strong start to the delivery of our transformational growth strategy following our Admission to AIM and associated capital raise.”Ian Springett OTM half-year results OnTheMarket OTM October 11, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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Latest How to Rent guide criticised by industry green pioneer

first_imgA leading proponent of sustainability within the property industry has questioned why the updated How to Rent guide published yesterday by MHCLG doesn’t mention EPCs.Ross Nichols (pictured), who runs home setup and utility management firm firm Just Move In, says it is odd that the new guide, which is only updated once or twice a year, ignores EPCs other than to remind landlords that a property must have one and that it must be band E or above.Nichols says the new How to Rent guide should have included advice on energy  efficiency given scale of the climate crisis.“The How to Rent Guide performs an important legal function but it’s also an opportunity for the government to start changing the narrative on energy efficiency within the Private Rented Sector, making sure that the issue stays on the table and isn’t pushed aside,” he says.“The government has an open consultation on raising energy performance standards for the domestic PRS sector – including reducing energy bills, improvements and carbon emissions – so it’s disappointing that the new Guide doesn’t reference sustainability at all.”Go green guideNichols’ company, which is one of the few ‘B Corps’ in the industry which have signed up to recognised standards of social and environmental standards, this week published a guide for agents on how to go green but still boost their profits.Called Sold in Sustainability, it identifies six key areas for agents to target: energy use, waste, recycling, travel, technology, and green initiatives.The guidebook also explains the other benefits of an eco-friendly approach.“Sustainable companies are more attractive to both potential customers and employees, many of whom share environmental concerns,” says Nichols.Download the Just Move In guide.Download the new How to Rent guideSustainability estate agency Just Move In Ross Nichols How to Rent guide December 11, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Latest How to Rent guide criticised by industry green pioneer previous nextRegulation & LawLatest How to Rent guide criticised by industry green pioneerRoss Nichols says he is baffled why the updated government renting guide makes no mention of how properties can be improved.Nigel Lewis11th December 20200496 Viewslast_img read more

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Russian Warships Return from Poland

first_img View post tag: News by topic Russian Warships Return from Poland Baltic Fleet task group consisting of small missile ships Zyb and Geizer returned to Baltiysk Naval Base after informal visit to Polish port Szczecin on May 12…(rusnavy)[mappress]Source: rusnavy, May 16, 2011; Back to overview,Home naval-today Russian Warships Return from Poland View post tag: poland View post tag: Warships View post tag: Navy View post tag: Naval View post tag: Russian View post tag: Return Training & Education May 16, 2011 Share this articlelast_img

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Australia: Seaman Follows Fathers Footsteps

first_imgBack to overview,Home naval-today Australia: Seaman Follows Fathers Footsteps Training & Education April 25, 2012 Australia: Seaman Follows Fathers Footsteps View post tag: Seaman View post tag: Footsteps View post tag: Navy View post tag: Australiacenter_img View post tag: News by topic Share this article View post tag: Follows View post tag: Fathers View post tag: Naval Seaman Jarryd Capper of 816 Squadron may have followed in his fathers footsteps when he chose a career in the Royal Australian Navy but this situation will be reversed when HMAS Albatross march through Nowra on Anzac Day.Jarryd has the honour of carrying the Albatross ceremonial lifebuoy and will be heading up the parade. Following directly behind him will be his father Commander Carl Capper who, as Executive Officer of HMAS Albatross, will be leading the Albatross contingent.Jarryd isn’t fazed by the responsibility or the fact that all eyes will be on him.“ Anzac Day has always been an important occasion in our family,” Jarryd said. “In 2010 I got to march with dad and my grandfather in Canberra, and this year my grandmother will be there to watch us. For us it’s a way of remembering and honouring the people who have gone before.”Commander Capper said he is looking forward to it. “I’m always very proud to march on Anzac Day and I’m always the proud father so this Anzac Day will be a very special one me”.[mappress]Naval Today Staff , April 25, 2012; Image: navylast_img read more

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Sri Lankan Navy Assists Indian Salvage Team

first_img May 3, 2012 View post tag: Naval View post tag: team View post tag: Salvage View post tag: Assists View post tag: Indian Sri Lankan Navy Assists Indian Salvage Team View post tag: Navycenter_img View post tag: News by topic View post tag: Lankan Sri Lanka Navy assisted an Indian salvage team for the salvage of Indian fishing trawler bearing the Registration Number TN/06/MFB/714 in the seas off Delft in Northern Sri Lanka. The assistance was rendered on humanitarian grounds in response to a request made by the Indian High Commission in Sri Lanka.The Indian salvage team consisting of 04 boats and 10 crew members escorted by Indian Coast Guard Ship Rajshree was received by Sri Lanka Naval Vessel Ranawickrama on 28thApril 2012. Thereafter, the Indian salvage team was guided to the salvage location for the commencement of the salvage operation under SLN supervision. Facilitation was also provided for their return journey along with the salvaged trawler upon completion of the task on 02nd May 2012.The prompt assistance rendered by SLN for the Indian Salvage Operation reflects the cordial relations that exist between the two countries. Sri Lanka Navy conducts Search and Rescue Operations (SARs) on humanitarian grounds for the rescue of fishermen whenever they are in distress.[mappress]Naval Today Staff, May 03, 2012; Image: navy Back to overview,Home naval-today Sri Lankan Navy Assists Indian Salvage Team View post tag: Sri Share this articlelast_img read more

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HMS Bulwark Returns to Plymouth, UK

first_imgBack to overview,Home naval-today HMS Bulwark Returns to Plymouth, UK [mappress]Naval Today Staff, December 3, 2012; Image: UK MoD December 3, 2012 Training & Education Share this article View post tag: Plymouth View post tag: Naval View post tag: News by topic View post tag: Returns View post tag: Bulwark View post tag: Navy View post tag: UK View post tag: HMS HMS Bulwark Returns to Plymouth, UK The amphibious warship HMS Bulwark returned to her home base of Plymouth last week after two months with the largest Royal Naval deployment of the year in the Mediterranean.The command and control ship led the UK’s Response Force Task Group (RFTG) on Exercise Cougar 12, consisting of the helicopter carrier HMS Illustrious, Plymouth-based HMS Montrose and HMS Northumberland, Royal Fleet Auxiliary ship Mounts Bay and the heavy-lift ferry Hartland Point.HMS Bulwark’s Commanding Officer, Captain Andrew Burns, said:“It has been an immensely successful deployment. We have proved we have the professionalism and the tools to do the job that we are here to do. We have come a long way in the two months since we sailed from Devonport, and we have honed the skills that make HMS Bulwark a capable and formidable amphibious platform and fleet flagship.“We now look forward to 2013 and the opportunities that we are presented with to develop and build upon our capabilities even further.”Sailing fully loaded with 550 sailors, Royal Marines and Commander United Kingdom Task Group staff officers, 62 Land Rovers and armoured vehicles and eight amphibious landing craft, HMS Bulwark departed as a fully loaded amphibious assault platform ready to grasp every opportunity available on the exercise to train and prove her capabilities.Having trained off the south west coast of England, where the task group took the opportunity to exercise the key elements of amphibious operations, the RFTG sailed for the Mediterranean, taking the opportunity to train with the Danish, French and Spanish navies along the way.The culmination of all the rehearsing took place in Corsica, testing the Combined Joint Expeditionary Force concept developed under the UK and France Defence Cooperation Treaty.The British and French navies were successfully able to examine and test the maritime element by demonstrating the task group’s ability to project air power from the sea using the French Carrier Strike Group and the British Amphibious Task Group, with HMS Bulwark at the centre of amphibious operations.The 13-day exercise in Albania involved Royal Marines from 30 Commando Information Exploitation Group and 45 Commando, a full land and air assault on the Vlore Peninsula, and simulated small boat attacks against the ships in the task group by the Albanian Navy, playing the role of smugglers and insurgents.Exercise Albanian Lion allowed HMS Bulwark to demonstrate her prowess in amphibious operations, command and control, and surface defence against maritime attack.The crew of HMS Bulwark also enjoyed port visits to Gibraltar, Toulon, Corfu and Malta for diplomacy duties, memorial services and sporting events. The crew are now taking some well-earned leave.last_img read more

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Canada: Lockheed Martin Selects Its 2012 Centennial Award Winner

first_img View post tag: its View post tag: award View post tag: Naval Canada: Lockheed Martin Selects Its 2012 Centennial Award Winner View post tag: Lockheed Back to overview,Home naval-today Canada: Lockheed Martin Selects Its 2012 Centennial Award Winner Share this article The National President of the Navy League of Canada announced on January 16th that Master Seaman Rebecca Charlesworth from HMCS MALAHAT in Victoria, British Columbia has been selected as the 2012 Lockheed Martin Centennial Award recipient. The award ceremony was attended by Mr. David Yates, National Vice President, The Navy League of Canada, the President of Lockheed Martin Canada, Rosemary J. Chapdelaine, and the Commander of the Royal Canadian Navy, Vice Admiral Paul Maddison.MS Charlesworth was selected as the recipient for 2012 due to her selfless dedication as a naval reservist and answer the call of duty whenever required. Her volunteer service included a 28 week deployment with OP ATHENA gaining international operational experience, and earning a General Campaign Star for her service in Flight Line Security. Her performance was noted as superior as she exemplified the kind of contribution sailors can make to a land campaign. Other volunteer operations in which MS Charlesworh participated are OP PODIUM and OP LUSTRE. “This young woman exemplifies the highest ideals within the Canadian Forces and it is truly an honour to bestow this award on her today,” said Vice Admiral (Ret’d) Ron Buck, National President of the Navy League of Canada.In addition to having her name included on the Centennial Cup, the award also comes with two $1,500 cheques in which MS Charlesworth selects a Military Family Resource Centre and a Navy League Branch to receive the donations.The Lockheed Martin Canada Centennial Award was created in 2010 in partnership between The Navy League of Canada and Lockheed Martin Canada. The Canadian Navy Centennial Award was established to recognize excellence among junior non-commissioned personnel in the Royal Canadian Navy and his/her contribution to the quality of life in Canada’s Navy, as evidenced by their dedication, enthusiasm, and spirit of cooperation at sea and ashore.[mappress]Naval Today Staff, January 21, 2013; Image: HMCS MALAHAT View post tag: Martin View post tag: selectscenter_img View post tag: Navy View post tag: 2012 Authorities View post tag: Canada View post tag: Centennial January 21, 2013 View post tag: winner View post tag: News by topiclast_img read more

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USA: Boeing Shows Off Upgraded EA-18G

first_img View post tag: Navy View post tag: Defence View post tag: Boeing Back to overview,Home naval-today USA: Boeing Shows Off Upgraded EA-18G View post tag: EA-18G View post tag: Upgraded The U.S. Navy recently flew Boeing EA-18G Growler aircraft with sensor system upgrades and its newest data network, demonstrating how the enhanced technologies would allow aircrews to locate threats more quickly and accurately.Ultimately, the secure, high-speed network will allow aircrews to share targeting data in real time. The technology will be incorporated into deployed Growler electronic attack aircraft in 2018, sooner than all Navy aircraft other than the E-2D Hawkeye surveillance airplane. “These enhancements provide a significantly faster, more accurate and adaptable targeting solution for the Navy and allied forces,” said Capt. Frank Morley, U.S. Navy F/A-18 and EA-18G program manager. “The result is a more capable EA-18G that is better able to control the EA spectrum.”The demonstration occurred July 15-19 during the Navy’s fleet experimentation campaign at the Patuxent River Naval Air Station in Maryland. Integrating the technology onto the Growler involved a series of upgrades that provide “an affordable, low-risk approach to adding capability that allows us to deliver advanced technologies to the fleet more quickly,” said Mike Gibbons, Boeing F/A-18 and EA-18 Programs vice president.The upgrades are planned to be retrofitted into existing Growlers and included as a standard offering for future new aircraft sales. Boeing and the Navy will work closely with supplier partners Northrop Grumman, Harris Corporation, L-3 Communications and Rockwell Collins to add system upgrades to the fleet.The Growler is derived from the combat-proven F/A-18F Super Hornet. It’s the United States’ newest and most advanced airborne electronic attack platform, providing electronic intelligence, surveillance and reconnaissance data to other aircraft. It has been combat deployed since 2010 by U.S. and allied forces around the world.[mappress]Press Release, August 14, 2013 View post tag: shows View post tag: off View post tag: Naval August 14, 2013 View post tag: News by topic View post tag: Defense USA: Boeing Shows Off Upgraded EA-18G Equipment & technology View post tag: usa Share this articlelast_img read more

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