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Shell job shock adds to employment fears

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Greig Cameron, Scottish Business Editor: November 17, 2016

Shell has dealt a “devastating blow” to 380 finance workers in Scotland by announcing plans to cut jobs and move functions overseas.

The decision came as official figures showed that unemployment in Scotland had dropped again — although there are concerns about the strength of the labour market.

The oil giant said it intended to close its business operations site on Bothwell Street in Glasgow over the next 15 months. The work will be transferred to lower-cost countries, with the company having offices handling business operations in the Philippines, Malaysia, Poland, India and South Africa.

Liam McArthur, energy spokesman for the Scottish Liberal Democrats, said: “This news will be a devastating blow to those directly affected and their families. It is vital, therefore, that the…

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Robin Pagnamenta, Deputy Business Editor: November 17, 2016

Nearly 400 British jobs are set to go at Royal Dutch Shell after it announced plans to shut a finance office in Glasgow.

The Anglo-Dutch oil producer said that the office would close in the first three months of 2018, as a cost-cutting measure in response to sharply lower oil prices.

The 380 employees in Glasgow are members of Shell’s business operations network, which handles back office and finance functions.

Shell has been shifting more of these back-office jobs to low-cost hubs in Asia, such as Bangalore and Chennai in India and Kuala Lumpur in Malaysia.

“To remain competitive, difficult choices continue to have to be made to improve efficiency and value for money across all of our businesses and functions,” it said.

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