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Shell to cut jobs in core exploration unit-website

Reuters

Fri Sep 4, 2009 11:03am EDT

LONDON, Sept 4 (Reuters) – Royal Dutch Shell Plc (RDSa.L) is planning job cuts of around 15 percent in its core exploration and production unit, a Shell protest website reported on Friday, citing sources inside the oil major.

An announcement on a restructuring of the unit, which generates most of Shell’s profit, is due on Monday, website Royaldutchshellplc.com said. Shell declined comment.

(Editing by David Cowell)

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