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Shell to Start Series of Job Cuts to Reduce Costs, FT Reports

Bloomberg.com

By Thomas Biesheuvel and Eduard Gismatullin

Sept. 5 (Bloomberg) — Royal Dutch Shell Plc plans to start a series of announcements on job cuts as part of its cost- cutting program, the Financial Times reported, without saying where it got the information.

Personnel will be informed about detailed plans for their business units over the next two weeks, the newspaper said. Shell expects to complete the reductions by the end of the year, the FT reported.

Kirsten Smart, a spokeswoman at Shell, declined to comment on the report.

Shell Chief Executive Peter Voser earlier this year said that the company cost cutting program, Transition 2009, will be completed before 2010.

“We are moving quickly. The top 600 leaders have all been announced and this has allowed us to reduce the numbers of senior managers by 20 percent,” Voser said. “I want to strip away the layers that are not adding value, and put much more focus on front line activities.”

To contact the reporter on this story: Thomas Biesheuvel in London [email protected]; Eduard Gismatullin in London at [email protected].

Last Updated: September 5, 2009 09:32 EDT

BLOOMBERG ARTICLE ENDS

IN FACT, THE FT DID REVEAL A SOURCE OF THE INFORMATION IT PUBLISHED: This website – Royaldutchshellplc.com

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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