By PAUL J. DAVIES: June 7, 2016 11:48 a.m. ET
For Royal Dutch Shell , austerity is tricky. The Anglo-Dutch oil and gas group is doing almost everything it can to make its finances work. The trouble for investors is that it still may not be enough.
Shell has found more cost savings more quickly from its takeover of BG Group and is slashing its investment plans back to almost the minimum needed to keep producing. But without a recovery in oil and gas prices it will struggle to balance its long-term prospects with near-term promises.
Debt reduction depends on large asset sales, which have attracted some investor skepticism.
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Affected Shell employees going to challenge job cut decision to Indian court.
The 250 odd employees of Shell India who received letters from management saying their position is affected have decided to challenge Shell in Indian court against the letter issued to them. As per them it is illegal in India to cut job because of less work.