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CNNMoney.com: Shell Confirms Staff Cuts In Finance Functions

December 31, 2007: 10:29 AM EST

LONDON -(Dow Jones)- A Royal Dutch Shell PLC (RDSB.LN) spokesman Monday said the company is cutting headcount in its finance department, confirming a Dow Jones Newswires report last week.

“We are reducing the number of staff in selected finance functions, and expanding the use of shared services centers where costs are lower,” he said. ” We have already six of these shared service centers (Phillippines, India etc),” the spokesman added.

But he clarified that “there is no plan to reduce staff numbers in a top down, prescriptive way…We are reducing the number of staff in support functions by outsourcing or using shared service centers,” for instance in finance and human resources, he said.

“But we are also increasing the number in engineering professions and other specialists. We have hired some 3,000 graduates and 9,000 experts since 2005,” the spokesman said.

Company Web site: http://www.shell.com

By Benoit Faucon, Dow Jones Newswires; +44-20-7842-9266; [email protected] dowjones.com

  (END) Dow Jones Newswires
  12-31-07 1029ET
  Copyright (c) 2007 Dow Jones & Company, Inc.

http://money.cnn.com/news/newsfeeds/articles/djf500/200712311029DOWJONESDJONLINE000165_FORTUNE5.htm

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