Royal Dutch Shell Plc  .com Rotating Header Image

Shell to shed 1,000 more jobs as profits fall 75%

Financial Times

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.

COMPLETE FT ARTICLE (SUBSCRIPTION)

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

0 Comments on “Shell to shed 1,000 more jobs as profits fall 75%”

Leave a Comment

%d bloggers like this: