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Shell to axe up to 9,000 jobs in cost-cutting shake-up

Shell to axe up to 9,000 jobs in cost-cutting shake-up

Amid a slump in oil demand, Royal Dutch Shell said it plans to cut 7,000 to 9,000 jobs. The cuts would be implemented by 2022 and included 1,500 people who were taking voluntary redundancy. Earlier this year, Shell cut its dividend for the first time since WWII. Shell currently employs 83,000 people worldwide. An ongoing cost-cutting drive is expected to deliver annual savings of $2-2.5B by 2022.

Chris
Chris
ToddBundy
ToddBundy 2 months

Yea cut jobs not executive salaries.

Qanonsense
Qanonsense 2 months

Yet these oil giants are touted as the nations greatest job creators. Give me a break, they care about their stockholders, not about their employees and certainly not about the environment.

Robert_Clearwater
Robert_Clearwater 3 months

Learn a trade you'll never be unemployed again.

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