Royal Dutch Shell Plc  .com Rotating Header Image

The Express: Shell sale ‘exodus’ fears: A Shell spokesman said: ‘We will continue to openly communicate with our staff.’

Charlotte Thomson, The Express
Published: Jun 19, 2007

A UNION leader warned yesterday of a “mass exodus” of oil workers from the North Sea following Shell’s decision to sell a large part if its northern operation.

Jake Molloy of the OILC union said workers would prefer to take their termination package and leave rather than face an uncertain future with another employer.

Many who have worked with Shell for years believe pensions and other benefits accrued over the years would not be transferable to another employer.

Mr Molloy said yesterday: “A lot of Shell people feel very let down by this sudden announcement, which could trigger a mass exodus when the transfer is about to come.

Many suspect that Shell is simply unloading a liability and trying to pass it on to another operator.” Last week the oil giant announced plans to sell off a number of its assets, including the Cormorant Alpha, Cormorant North, Tern, Eider, Kestrel and Pelican platforms.

The company, along with Esso Exploration and Production UK Limited, an ExxonMobil subsidiary, will put acreage, production licences and associated infrastructure on the market.

Around 400 jobs are expected to be lost. Nevertheless, John Gallagher, vice president technical of Shell in Europe, stressed the company was committed to the North Sea. A Shell spokesman said: “We will continue to openly communicate with our staff.”

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “The Express: Shell sale ‘exodus’ fears: A Shell spokesman said: ‘We will continue to openly communicate with our staff.’”

Leave a Comment

%d bloggers like this: