Article 58NEM 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

by
Jillian Ambrose Energy correspondent
from Environment | The Guardian on (#58NEM)

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.

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