Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy.

Illustration - Credit: Photographic Services, Shell International Limited.

Shell, which had 83,000 employees at the end of 2019, said that the reorganization will lead to additional annual savings of around $2 billion to $2.5 billion by 2022, going partly beyond cuts of $3 to $4 billion announced earlier this year.

Read more: http://www.oedigital.com/news/482071-shell-to-cut-up-to-9000-jobs?utm_source=AOGDigital-ENews-2020-09-30&utm_medium=email&utm_campaign=OEDigital-ENews

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s