News and information on Royal Dutch Shell Plc.
Relieved: Read the article about energy storage revolution. This will drive a stake in the heart of the US coal industry, except for certain used and export, and it will drive natural gas prices into the ground. It will also prove a boon to hybrid vehicle technology, which will help cap the demand for liquid hydrocarbons for motor fuel. Looks like the days of expensive oil maybe gone forever.
Dutchdude: Amused Non Expat - A bit surprised at your rationale. Because you perceive expats to be overpayed, it is ok for Shell HR to impose a new HYPOtax? Get the wording, this is not a tax, it does not go to a government, will not go to funds to build schools, housing, healthcare. No this hypotax goes to Shell general funds (who knows to pay the high dividends). I have been on both local and expat side, and agree Shell has been a good employer as a whole, I just have issues with unscrupulous HR staff who trod decency so easily. I know numerous staff who have been send to a location with certain promises, only to find out the reality is much less. If you work in HR, please do some self reflection on who in Shell actually earns your sandwich for you... Sadly I do agree with Shareholder, that it appears this time around the smart people are cashing in on Shell, signs all around that the ship is aiming for big rocks.
totallyhackedoff: To Amused non expat- am thinking you might know how much the redundancy payments are in cash terms to be able to comment....are you in HR? (probably has a high CEP and a Shell tattoo somewhere on your behind). Last time I checked, this is a forum for people to speak openly about ALL and ANY issues relating to Shell, whining or otherwise. Consider it cathartic for people to get it off their chest, and be included in conversation that creates a bit of camarardarie, lest it happen in the corridors of Shell.
Amused non Expat: Not gloating at all, nor envious so nothing to let go. Just pointing out reality which appears to have been overlooked by some folks. To the best of my knowledge I cannot recall anyone committing suicide over a redundancy but I may be wrong.
Learning: To amused non expat.. Envy of your fellow expats will eat away at you. Let it go. And i advise you to not gloat at those about to lose their jobs (expat or not). People have been known to commit suicide over such life changing moments. A bit of dignity please.
Amused non Expat: "Expat Staff" were you so innocent as to believe Shell promised you job for life. If Shell has really given you promises in contractual terms then you re very lucky. I did disagree however that you would have been better off as a contractor, whose life and work is always at the will of the employing company and can be changed at a moments notice. Expats were immune from that exposure and you should be grateful for that. As for Shell only having the "people who can't cut it in the real life" to imply that is a totally ridiculous statement and belittles the many of us left. I would suggest it is the expat who doesn't know what the 'real life' is all about and is just finding out.
Expat Staff: I have worked for shell in over 12 international posting over my time. At present i am on garden leave waiting for the redundancy paper work, and have been told that i will not have any real option of securing a position in my home country. When i left on expat conditions some 27 years ago, there were lots of promises, and even more conditions expressed in contracts / agreements. One central theme to this is that the company would have my back and ensure that i would have a job when i came home. Part of the carrot associated with the sacrifice. Now, its just a numbers game. Tax equalization agreements in my contracts covered taxes while in overseas locations. I agree that the current approach could be considered fair and just, but not when the terms and conditions and HR staff always stated i would always have a job at home after my many years of service in remote locations. Anyone who worked in Nigeria, Oman, Brunei, Malaysia, Thailand, China for long periods of time much of it away from friends and family will understand. We have been shafted. It would have been better to be a contractor for hire over this period, as they have had been able to just walk away from assignments, work for Exxon or BP for a stint and come back to packages often better than staff. With the expectation that staff will be protected, contractors are just hire and fire. Heaven forbid you or a family member get sick... How many cancer deaths have left the families with extremely difficult repatriation, and much smaller sums than promised? I for one will now go back to being a contractor, lots of our suppliers and service companies will be paying top money when the pendulum swings, and shell will have only the people who can not cut in the real world left.
Amused non expat: I find it amusing that we have highly (over) paid Expats now whining about having to pay tax on what will be considerable redundancy payments. This whole entitlement/greed attitude is one of the problems which has got Shell into this overstaffing situation. Just remember that a lot of the redundancy payments are WELL in excess of statutory minimums and are ex gratis payments and can be taken away at a moments notice. This whole expat 'entitlement' attitude is sickening and people should look in the mirror sometimes. Most of you have had a good ride on the gravy train but the train is about to hit the buffers. Time to step off and walk away.
Shareholder: Concerned about unscrupulous HR careerists being (again)in charge of the current downsizing operation. Do they understand (or do they care) when they are cutting too deep into the framework of technical expertise and loyalty that used to be the foundation of The Company and the envy of its competitors ? Do they really know for sure that the oil price will stay low for longer ? I sense that a lot of staff have had enough and are following the lead of Mr Van Burden (5.3mln EU salary + 9.7mln performance shares in 2015) and are now preoccupied filling their own bank accounts with as much voluntary severance pay as possible before the whole thing collapses. Sad story.
Shame on you Shell: I am so sad to hear of the crappy treatment of former colleagues. So much for the Shell People Survey or safety culture. It looks like Shell's greed has risen to the surface. I am relieved to have retired early. You Can Be Sure of Shell (screwing over their staff). Shame on you Shell. Looks like this rabble of attack dog lawyers, HR and their masters make Phil Watts look like a saint!!!!!
Dutchdude: Former Shell: Most of my career with Shell I have worked in countries where no income tax is paid. Midway my career Shell introduced the hypotax. They claim this is for equal treatment. Well, had I worked in the Netherlands I would have build my AOW, I would have participated in tax free saving schemes, free house loans (try to get a mortgage as expat), etc. This equal treatment argument by Shell is just another way of getting half back of a bonus, reward, severance scheme, etc. Nothing fair about it. If you still work for Shell have a look at all the suddenly changed policies under HR (june/July), the world is changing. HR is charged, it seems, with getting rid of staff the most cheap way. Many expats are half the cost of regular Dutch staff to get rid off. Sad indeed. Who still looks at competence these days......
Sacked: Count me in guys! I've also been treated disgracefully. It's times like this I wish we had a union to speak to. I've been given a date, told ive not options but to take the package and forget about the two decades i've devoted to the company. What happened to People Values? I don't mind too much about leaving but being treated like dirt wasn't part of the Employee Value Proposition. HR @ Shell are the biggest whores of all. No emotions. No principles, a bit like the hired guns of the wild west.