11:17 AM EDT, 04/29/2024 (MT Newswires) -- Exxon Mobil's ( XOM ) Brussels-based trading staff are mostly set to be fired for refusing to be relocated to London, Bloomberg reported Monday, citing a statement from its unions.

According to an internal union-led survey, as many as 37 of the company's trading employees in Brussels said they do not want to move to London because of "uncompetitive" pay and a "lack of flexibility," the report said.

Union representatives have scheduled a protest Tuesday outside the company's Europe, Africa and Middle East headquarters in Brussels, the report said.

The General Confederation of Liberal Trade Unions of Belgium confirmed the planned protest over the alleged job cuts. "The unions are calling on management to take responsibility and sit at the negotiating table to reach agreements on employment at the company's headquarters in Brussels," it said on its website.

While not confirming the alleged job cuts, Exxon remains "open to resolving the situation," according to a company statement reportedly sent to Bloomberg.

Exxon did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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