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Energy giant Shell plans to cut 6,500 jobs

Nafiz Albayrak / New York, July 30 () - Energy giant Royal Dutch Shell Plc, said it plans to cut 6,500 jobs this year and reduce capital investment by 7 billion dollars, adding that it planned to reduce costs further in 2016. Shell is planning for a “prolonged...

Energy giant Shell plans to cut 6,500 jobs

Nafiz Albayrak / New York, July 30 () - Energy giant Royal Dutch Shell Plc, said it plans to cut 6,500 jobs this year and reduce capital investment by 7 billion dollars, adding that it planned to reduce costs further in 2016. Shell is planning for a “prolonged...

30 Temmuz 2015 Perşembe 13:51
Energy giant Shell plans to cut 6,500 jobs
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Nafiz Albayrak / New York, July 30 () - Energy giant Royal Dutch Shell Plc, said it plans to cut 6,500 jobs this year and reduce capital investment by 7 billion dollars, adding that it planned to reduce costs further in 2016.

Shell is planning for a “prolonged downturn” the company said Thursday in a statement. Its dividend commitment to remain unchanged at 1.88 dollars per share this year, with at least that amount in 2016, the company said.

In April, Shell announced that it was buying gas giant BG - the UK's third-largest energy company - the oil producer buying BG Group Plc for more than 70 billion dollars.

In its latest announcement of job losses, Shell said its deal with BG "should enhance our free cash flow" and be "a springboard to change Shell into a simpler and more profitable company".

 

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