Royal Dutch Shell today announced plans to cut up to 9,000 jobs or more than 10 per cent of its workforce around the world. The oil and gas giant, which has about 83,000 global employees, said that the reorganisation will lead to annual savings of up to £2billion by 2022. Shell last month launched a review of its business aimed at deeply cutting costs as it prepares to restructure its operations as part of a shift to low-carbon energy. The Anglo-Dutch company said it expected to cut 7,000 to 9,000 jobs by the end of 2022, including 1,500 staff who have agreed to take voluntary redundancy this year. In June, BP said it was cutting around 10,000 jobs from its workforce to cope with the impact of the virus.

Source: Daily Mail September 30, 2020 06:30 UTC