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Posts from ‘August, 2022’

Shell to give staff 8% bonus after record profits

Shell to give staff 8% bonus after record profits

Shell said the award reflects the company’s current financial success but has no link to the rising cost of living challenges ANNA WISE, PA BUSINESS REPORTER

Shell employees will get a one-off 8% bonus after the energy company reported record profits from massive energy price hikes.

Most staff at the oil giant – which employs around 82,000 people worldwide – will be eligible for the pay boost.

Just those at executive vice president level or higher will be excluded from the taxable payout.

Shell said the award reflects the company’s current financial success but has no link to the rising cost of living challenges.

A Shell spokesperson said: “In recognition of the contribution our people have made to Shell’s strong operational performance against a recent challenging backdrop, our executive committee has decided to make a Special Recognition Award of 8% of salary to all eligible staff across the world. read more

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