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Shell culls 5,000 jobs

Daily Mirror

By Clinton Manning 30/10/2009

Oil giant Shell is slashing 5,000 jobs after profits plunged 73%.

Uk staff are among those facing the chop as new boss Peter Voser imposes savage cuts.

Voser, just 121 days into the job, has already sacked 150 managers.

Now 15,000 staff in oil fields and head offices are being forced to reapply for their jobs, with rejects getting the boot by the end of the year.

Profits fell to £1.83-billion between July and September as it suffered from falling oil prices and the world recession.

But that didn’t stop BP announcing profits of £3bn earlier this week.

Richard Hunter of stockbrokers Hargreaves Lansdown said: “Shell had a mountain to climb after BP’s stellar performance, but these numbers leave it some way short of the summit.”

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