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2015-12-15 19:30:00

SHELL CUTS 2,800 JOBS

SHELL CUTS 2,800 JOBS

Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion following its takeover of BG Group Plc.

That equates to 3 percent of Shell and BG's combined workforce as The Hague-based company consolidates offices and its administration structure once the acquisition is completed, it said in a statement on Monday. The two companies both have offices in a number of countries, including the U.K., Australia and Brazil.

Oil's slump has prompted some investors to question if Shell is paying too much for BG, even though the acquisition will make the combined company…

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Tags: SHELL, BG, OIL, PRICES
Chronicle:
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