December, 14 2015, Shell announced that after they finish the merger with the British oil company BG Group PLC, they will fire 2,800 people. The company said in report that their plans are to reduce the number of employees by 3%.
Terminations will start in 2016. Earlier, Shell announced plans to cut the number of work positions by 7500. Experts argue that such decisions are linked to the company’s external factors – falling oil prices (a record since 2009) and the negative dynamics of the market in general.
Shell representatives said that they estimate policy retrenchment and the merger is positive for the company, but also they understand that soon the oil market will not grow.
About Shell merger with BG Group PLC became known in April. The price of the agreement is $ 70 billion. Shell decided to unite with BG Group PLC because it became expensive to invest in the production of “black gold”, and by combining with the company BG Group PLC they hope to develop the offshore drilling and production of liquefied natural gas.
CEO of Shell said that the transaction will help Shell to be more stable in the market and increase its profits. The merger will be finished in early 2016, and then will begin the massive downsizing in the company. The merger of Shell will increase its oil reserves by 25% and gas production by 20%.
In addition to large-scale terminations Shell plans to conduct business restructuring in oil and gas, also there will be created a separate company, which activities will be focused on managing gas assets.
Source: www.bbc.com
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
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The Swiss construction company Bruenig Mega Safe AG offered the rich to save their money in a storage carved into alpine rocks. It is reported that the company plans to use space in the mountains equivalent to ten football fields to create a storage. The warehouses will have a volume of 100 cubic meters and […]
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On March 4, the social network Facebook lifted the ban on showing political advertising, which was imposed after the November US presidential election. We introduced this temporary ban after the November 2020 elections to avoid confusion or abuse after the Election Day. Unlike other platforms, we require authorization and transparency not only for political and […]
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Dear colleagues, interviewers, reporters and our readers! In the name of the entire editorial project team of LDaily we wish you a Happy New Year! The outgoing year was very special for me personally and for all of my surroundings. Thanks to the “rebirth” of LDaily we got the attention of the best readers – […]
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