SHELL has said it plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic.<\/p>\n
The oil giant said the cuts would be implemented by 2022 and included 1,500 people who were taking voluntary redundancy.<\/p>\n
It gave no indication of where the job losses would happen.<\/p>\n
Ben van Beurden, Shell chief executive, said the job cuts were “the right thing to do for the future of the company” as it strives to become a net-zero emissions energy business.<\/p>\n
Shell employs 83,000 people worldwide, including 6,000 in the UK. It has been hit by a substantial drop in profits since the pandemic struck.<\/p>\n
It saw a 46% fall in first-quarter net income to $2.9bn (\u00a32.3bn), while second-quarter income fell 82% to $638m.<\/p>\n
Mr van Beurden said: \u201cIt is very painful to know that you will end up saying goodbye to quite a few good people.<\/p>\n
“But we are doing this because we have to, because it is the right thing to do for the future of the company.”<\/p>\n
He reiterated that Shell intended to become a net-zero emissions energy business by 2050 or sooner.<\/p>\n
That meant the company had to change the type of products it sold, he said.<\/p>\n
“We will have some oil and gas in the mix of energy we sell by 2050, but it will be predominantly low-carbon electricity, low-carbon biofuels, it will be hydrogen and it will be all sorts of other solutions too,” he said.<\/p>\n
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SHELL has said it plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic. The oil giant said the cuts would be implemented by 2022 and included 1,500 people who were taking voluntary redundancy. It gave no indication of where the job losses […]<\/p>\n","protected":false},"author":4002,"featured_media":2505262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[500011,30],"tags":[],"yoast_head":"\n