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 multinationals 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.