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; benoit.faucon@ 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
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
