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.
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.