Shell is to cut a further 1,000 jobs. Photograph: Graham Turner
Royal Dutch Shell announced a further 1,000 job cuts today as the Anglo-Dutch firm admitted it had been slow to respond to the global slump.
The oil group, which has 100,000 staff worldwide, cut 5,000 posts last year and had already announced a further 1,000 job losses for this year.
Chief executive Peter Voser said the group would axe another 1,000 posts by the end of 2011 as he presented his strategic update for the firm.
“The company had become too complicated and slower to respond than we’d like. So we are sharpening up,” he said.
Shell gave no details on where the cuts would fall. It employs around 8,500 staff in the UK at sites including Aberdeen, London and the Stanlow refinery in Ellesmere Port, which is up for sale.
Voser said Shell was entering a “new period of growth” as he pledged to turn around years of underperformance and increase production 11% to 3.5m barrels a day by 2012.
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