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Shell rejects reports of 500 to 600 global management cull

Oil major plans further jobs cull

Oil giant Royal Dutch Shell is planning a fresh wave of job cuts under new chief executive Peter Voser’s group-wide overhaul, it has emerged.

Shell’s first tranche of cuts is set to draw to a close this week and it is expected to be followed soon by an announcement over a new set of job losses.

The firm rejected reports that between 500 and 600 of its global management are to go in the next phase of the restructuring.

A spokeswoman for the firm declined to comment on the numbers and it is believed Shell has yet to set targets for the upcoming cuts.

Shell’s new boss has already announced plans to merge two of the firm’s three “upstream” exploration subsidiaries, which employ 22,000 staff.

The company is also streamlining its corporate affairs division, which is headquartered in The Hague, where it employs 2,000 staff.

Most of the changes already in progress will affect divisions headquartered outside the UK. But a report in The Times suggested the new round of cuts could involve the UK business.

The group’s downstream arm – which covers non-exploration activities – is also headquartered out of the UK.

Shell has an upstream operation in Aberdeen, while it also has a London-based corporate affairs function in the UK.

A source close to the firm said: “We are finishing the current round and there is a new round starting after that.”

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