Royal Dutch Shell Group .com Rotating Header Image

Thousands of Shell jobs on the line as Voser sweeps in with merger plans

Daily Mail

By DAILY MAIL REPORTER
Last updated at 10:37 PM on 27th May 2009

Not so slick: Job cuts look imminent at Shell

Not so slick: Job cuts look imminent at Shell

Thousands of jobs are at risk at Royal Dutch Shell as incoming chief executive Peter Voser announces a sweeping reorganisation. 

The Swiss chief executive-elect is merging Shell’s Exploration & Production, Gas & Power and Oil Sands businesses into two super-divisions. 

On top of that, Shell is creating a Projects & Technology unit that will spearhead big new developments. 

The changes should strip out overlapping layers of management, such as human resources and information technology, while shifting employees closer to the front line. 

They come a day after Linda Cook, head of the gas and power division, made a sudden dash for the exit. 

Overall, 24,000 employees will be affected, including 2,000 staff at Shell’s headquarters in The Hague. The firm refused to put a number on headcount losses. 

Shell is struggling to defend its dividend after the oil price more than halved. 

But the market appeared underwhelmed by the plans, leaving Shell ‘A’ shares down 19p at 1,628p. 

Daily Mail Article

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Comments are closed.