Shell to cut another 2,200 jobs

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AP

Royal Dutch Shell is to cut at least another 2,200 jobs, with around 475 of those coming from its UK and Ireland oil and gas production business.

The job cuts follow Shell’s takeover of oil and gas exploration firm BG Group.

The cuts come on top of more than 10,000 job losses Shell announced earlier this year.

In February, falling oil prices prompted Shell to post its steepest fall in full-year earnings for 13 years.

“Despite the improvements that we have made to our business, current market conditions remain challenging,” said Shell UK and Ireland vice president Paul Goodfellow.

“Our integration with BG provides an opportunity to accelerate our performance in this ‘lower for longer’ environment.

“We need to reduce our cost base, improve production efficiency and have an organisation that best fits our combined portfolio and business plans.”

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Shell to cut another 2,200 jobs
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