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Hemscott: Royal Dutch Shell to shed thousands of jobs to cut costs – report

30 December 2007

LONDON (Thomson Financial) – Royal Dutch Shell is to shed thousands of jobs in a bid to cut costs and simplify its structure, the Sunday Telegraph reported.

Shell is looking to agree one of the largest-ever outsourcing deals in the next couple of months and plans to reorganise other departments including finance operations, the newspaper said.

The biggest change will be in the information technology division, where about 3,600 staff may be affected by a plan to farm out operations to three companies, the report claimed, citing a leaked internal email.

Shell had announced in September that it would contract out some IT work, the newspaper said. ‘We are looking at ways of creating greater synergies,’ the newspaper quoted the company as saying. [email protected] paw/ak

http://www.hemscott.com/news/latest-news/item.do?newsId=57266946655733

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