By Carola Hoyos, Chief Energy Correspondent
Published: February 4 2010 08:36 | Last updated: February 4 2010 08:36
Royal Dutch Shell, the Anglo-Dutch energy group, on Thursday said it would cut significantly its refining and marketing business this year as it predicted the economy would not make a quick recovery.
The company said it would cut 560,000 barrels a day 15 per cent of its refining capacity and shed a further 1,000 jobs in that part of its business in order to create savings of another $1bn.
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