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Bloomberg: Shell Will Cut Finance Jobs, Reorganize in Nigeria, WSJ Says

By David Altaner

Jan. 2 (Bloomberg) — Royal Dutch Shell Plc intends to cut costs by reducing finance jobs, changing some expatriate packages and reorganizing its Nigerian ventures, the Wall Street Journal reported.

There’s also a plan to transfer 3,000 information technology jobs to outsourcing companies, the newspaper said, citing a Shell newsletter obtained by Royaldutchshellplc.com, a Web site critical of the company. An unidentified spokesman said the London-based oil company may contract out IT systems to three suppliers, the Journal reported.

The spokesman said staff may be cut in finance and human resources, though that won’t be done “in a top-down, prescriptive way,” the newspaper reported.

Changes in Nigeria will become effective in April, the Journal added.

To contact the reporter on this story: David Altaner in London at [email protected]

Last Updated: January 2, 2008 01:25 EST
 
http://www.bloomberg.com/apps/news?pid=20601102&sid=aLL9hI6OvCiU&refer=uk

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