Emily Gosden, Energy Editor: July 31, 2017
Shell confirmed that it was restructuring its global projects and technology organisation and that about 400 people were at risk of redundancy.
The Anglo-Dutch energy group has already cut 13,000 jobs since the start of last year as it integrates former BG operations and looks to offload $30 billion of assets to pay down its debts from the acquisition.
Ben van Beurden, Shell’s chief executive, warned last week that costs needed to continue to fall as the company adopted a mindset of “lower for ever” oil prices. “We now have 13 per cent less employees than we did at the beginning of 2016. To be clear, costs must continue to go down, and stay down,” he said.
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