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Union fury as Shell closes pension scheme despite making £18bn profit

Fuel giant Shell has been accused of “moral bankruptcy” for announcing profits of £18billion – just a month after closing its final salary pension scheme for new recruits.

Fuel giant Shell has been accused of “moral bankruptcy” for announcing profits of £18billion – just a month after closing its final salary pension scheme for new recruits.

The multinational’s haul soared 54% last year thanks to sky-high oil prices caused largely by political tensions in the Middle East. But union leaders accused the firm of raking it in while hammering workers.

Unite general secretary Len McCluskey said: “Shell reminds us of the moral bankruptcy of the corporate elite. The company is needlessly closing its final salary scheme while posting colossal profits. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Sir Henry Deterding: £250,000 FOR A BABY

Daily Mirror: £250,000 FOR A BABY: 20 March 1939 Page 13

EXTRACT

EIGHT weeks after the death, of her seventy-year-old millionaire husband, Lady Charlotte Deterding, aged forty, has given birth to a daughter in a Berlin nursing home. Under the terms of her oil-magnate husband’s will the child will inherit about a quarter of a million pounds. Lady Charlotte is to name the baby after her husband, Sir Henri Wilhelm August. The baby will be christened Henrietta Wilhelmina Augustine. Sir Henri left more than £2,000,000, but the exact figure is not yet known. Lady Charlotte was Sir Henri’s third wife. They were married in 1936. She was formerly Fraulein Charlotte Knaack and acted for some time as his secretary. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Sir Henri Deterding: 9s.-a-Week to Millions

Daily Mirror: 9s.-a-Week to Millions: 6 February 1939 Page 7

Oil King Sir Henri Deterding, seventy two, who died at St. Moritz, Switzerland, began as a nine-shillings-a-week bank clerk and rose to riches so great that eventually he matched dollar for dollar with Rockefeller.

Sir Henri was a Dutchman. He was knighted by the British Government “for services rendered.”

Hitler is said to have received his financial support. He hated the Soviet Government, admired Mussolini and aided France. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

OIL KING BLAMES SOVIET FOR SHARE SLUMP

Daily Mirror: OIL KING BLAMES SOVIET FOR SHARE SLUMP: 22 April 1932 Page 3

The above is just the lead in to a major article, accessible via the link provided.

Extracts:

Russian Bid to Defeat Royal Dutch Group Causes Flood of Selling

Sir Henri Deterding, head of the Royal Dutch group, told the Daily Mirror last night that the slump was a cunning organised attempt by Soviet Russia to smash the company and capture the world oil markets.

The Royal Dutch Shell group, the shares of which have suffered so severely, in addition to general troubles of the industry, have had other difficulties to face. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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