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Posts from ‘July, 2009’

Shell not a “hoodlum organisation” says its Company Secretary, Michiel Brandjes

This self-explanatory email correspondence is published simultaneously with the article: “Former Shell Group Auditor says Shell is a hoodlum organisation”

Former Shell HSE Group Auditor says Shell is a hoodlum organisation

EMAIL RESPONSE FROM MICHIEL BRANDJES ON BEHALF OF JORMA OLLILA

Dear Mr Campbell,

Thank you for your email of 20th July to Mr Olilla. As I indicated to you in my email of 5 September, 2008, as this matter has been referred to the Grampian Police and the Procurator Fiscal, it would be wholly inappropriate for us to engage in any direct communication with you in relation to it. We are, of course, happy to cooperate fully with the relevant authorities in any investigation.

Best Regards,

Michiel Brandjes ?Company Secretary and General Counsel Corporate ?Royal Dutch Shell plc

740 senior Shell managers asked to reapply for 600 jobs

The Times July 31, 2009 Shell axes thousands of white-collar jobs Robin Pagnamenta and David Robertson Royal Dutch Shell accelerated its cost-cutting campaign yesterday, warning of further substantial job reductions as the oil giant feels the effects of the biggest slump in global demand for crude since 1980. As Shell announced a 70 per cent […]

Shell set to axe thousands more jobs as its profits plunge 70%

DAILY MAIL By Sam Fleming Last updated at 10:30 PM on 30th July 2009 Royal Dutch Shell will axe thousands more jobs as it grapples with the deepest downturn in oil demand for almost three decades. The oil giant’s new chief executive Peter Voser struck a resoundingly grim tone as he unveiled a 70 per […]

The worst of times are the best of times for Voser

Financial Times By Jonathan Guthrie Published: July 30 2009 21:27 | Last updated: July 30 2009 21:27 The scallop, a generally sedentary mollusc, is given to moments of panic when it flaps around like the wind-up false teeth sold in joke shops. A similar spasm is agitating managers at Royal Dutch Shell, which has the […]

Voser’s cutting remarks are needed

PETER VOSER: “We are stripping away layers and overlaps that are of no value,” he said as he announced half-year results yesterday before going on to accuse staff at the organisation of talking too much amongst themselves and not enough to the outside world.

Shell takes axe to jobs as profits tumble

Mr Voser has already overseen the introduction of a new restructuring programme in June, due to be completed by the end of the year, which includes a reduction of 20pc, or roughly 100 jobs, in senior management positions. The Shell boss said the programme was only the “beginning” of changes at the Anglo-Dutch company and that “substantial further staff reductions are likely”.

Shell may freeze its dividend

DAILY TELEGRAPH: The traditionally reliable dividend of Royal Dutch Shell may be frozen this year after the oil giant revealed an aggressive cost-cutting drive amid slumping profits.

Shell’s Capital Conundrum

If investors remain unimpressed, it is perhaps because they have heard this before. Shell management has touted its “strategic cost leadership” since the 1990s but failed to deliver a permanently leaner business. At a forward earnings multiple of eight times, the stock trades at roughly a 10% discount to its peers. It has missed out on the 13% rally in the European sector this year, falling 9%. Mr. Voser will have to show much more for his restructuring efforts before that discount narrows.

Shell sheds 150 senior managers in shake-up

Financial Times By Ed Crooks, Energy Editor Published: July 30 2009 09:05 | Last updated: July 30 2009 21:32 All the senior managers at Royal Dutch Shell have been made to re-apply for their positions and 150 of them have lost their jobs, the company revealed on Friday as it warned of substantial further job […]

Shell Brent Bravo fatalities – why a criminal investigation is in progress

(Also read related article… “Shell not a “hoodlum organisation” says its Company Secretary, Michiel Brandjes”) Shell Brent Bravo fatalities – why a criminal investigation is in progress By Bill Campbell, former HSE Group Auditor, Shell International On the 3rd of September 1999 an Audit was carried out on the Brent Bravo installation.  Subsequently a further […]