Hong Kong News

A whole world on a single island
Friday, Oct 23, 2020

Shell to cut up to 9,000 jobs as Covid-19 accelerates green drive

Shell to cut up to 9,000 jobs as Covid-19 accelerates green drive

Anglo-Dutch oil firm expects to save up to $2.5bn a year through restructuring plan
Royal Dutch Shell plans to cut up to 9,000 jobs in the wake of the coronavirus pandemic, up to 10% of its workforce, as part of a major corporate overhaul to keep pace with the global transition to clean energy.

The Anglo-Dutch oil company, which employed 83,000 workers at the end of last year, expects to save up to $2.5bn (£1.95bn) a year from the cost-cutting plan that includes shedding between 7,000 and 9,000 employees before the end of 2022.
Comments

Oh ya 21 days ago
With the world economy circling the toilet bowl these types of story's will never end. Its not the virus folks. Its the central banks and the goverments

Newsletter

Quote of the Day

Statism needs war; a free country does not. Statism survives by looting; a free country survives by producing.

Ayn Rand
Related Articles

Hong Kong News
×