Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide

Oil giant Royal Dutch Shell PLC is going to fire nearly 3,000 employees worldwide

15.12.2015 News

Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwideDecember, 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

Other articles

Read also

Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

PrivatBank is no longer private

On December 18 at 23:30 p.m. it was  posted the information on the site of the Governmental portal of Ukraine  that on  December 19, 2016, the PJSC Privatbank goes into 100 % ownership of the state. The text of the statement  also reports  that the decision was made at the meeting of the Cabinet of […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

Snap reported revenue growth of 66%, surpassing all Wall Street forecasts

Shares of Snap Inc. rose sharply on Friday, offsetting last week’s decline as investors praised its financial report. Key Snap figures for the 1st quarter of 2021 For the first three quarters of this year, Snap reported a break-even point per share, while analysts’ average estimates were reduced to a 6 percent loss per share. […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

Three banks have legal proceedings with the Creative

Two state banks have filed a lawsuit against the Creative  regarding the reimbursement of debts. In particular, Ukreximbank  wants to recover  57.71 million UAH and $ 7.84 million of arrears on the loan agreement dated November  17, 2008. Also Oschadbank wants to compensate another $ 25.24 million. In addition, Piraeus Bank ICB is trying to […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

TikTok sales to US companies have been postponed indefinitely

The sale of part of the social network TikTok of the Chinese company ByteDance to the American companies Oracle and Walmart has been suspended for now. Note that possible security threats from the Chinese technology giant have stopped the process of selling the platform. However, ByteDance continues to negotiate with the US intelligence services about […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

Facebook lifted the ban on political advertising in the United States

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 […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

The National Bank has not been on the interbank market for six weeks

Last working week, the National Bank, as in the previous five weeks, did not buy or sell currency on the interbank market. This is evidenced by NBU data. In total, since the beginning of the year, the regulator has bought $ 290.5 million on the interbank market and sold $ 70 million. In 2020, the […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

Facebook is shutting down Lasso, its TikTok clone

Facebook announced that it is shutting down two of its little-known apps shortly after they launched them. According to CNBC, Lasso, TikTok’s competitor, and Hobby, the competitor of Pinterest, will be shut down on July 10. Facebook released Lasso for iOS and Android in 2018. It was created to share 15-second videos with effects. The […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

Excise duties on beer are intended to be tied to its strength

Approaches to determining the unit of excise tax rate on beer may change in Ukraine. This is stated in the bill of the Cabinet of Ministers №5600, which was registered in the Verkhovna Rada the day before. It is noted that Ukraine is obliged to bring its own legislation in line with the European directive […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

The company, which bought the Ukrainian startup Jeapie, received $ 10 million of investments

The Canadian company Mobify received $ 10 million of investments from the Acton Capital Partners fund. The company also announced that the new members have joined the board of directors. They are Hannes Blum, from  Acton, who was the vice president of the Amazon for seven years, and founded the AbeBooks company, which was bought […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

Google has invested in the Indonesian unicorn Tokopedia

IT giant Google and Singapore’s state-owned investment company Temasek have invested in Indonesia’s largest online store Tokopedia, writes Nikkei Asian Review. The amount of investments is not disclosed. In October, Bloomberg reported that Tokopedia was going to raise about $ 350 million from Google and Temasek. This is Google’s second investment in the Indonesian unicorn. […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

DiDi taxi service is planning the IPO on the Hong Kong Stock Exchange in 2021

The taxi service of the international Chinese company DiDi Chuxing intends to conduct the initial public offering (IPO) on the Hong Kong Stock Exchange. As reported by Reuters on Tuesday, citing sources, this may happen in the first half of 2021. By the time of the IPO, the estimated value of DiDi will be more […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

A new head of PrivatBank has been appointed

The Supervisory Board of the state-owned PrivatBank has elected Gerhard Bösch as the new Chairman of the Board. This was announced on Thursday, May 27, the press service of the bank. It is noted that Bösch will take office after the approval of his candidacy by the National Bank of Ukraine. According to the press […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

Bill Gates warned against buying Bitcoin

Microsoft founder Bill Gates has warned investors against buying the cryptocurrency Bitcoin. Bloomberg reports. “If you have less money than Ilona [Mask], you probably need to be careful. Ilon has a lot of money and he’s very advanced, so I’m not worried that his bitcoins will rise and fall chaotically,” Gates said. Gates fears that […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

Royal Dutch Shell has sold a part of its business in Malaysia

Dutch-British oil and gas holding company Royal Dutch Shell has transferred a majority stake (51%) of its Malaysian business to local manufacturer – the company Malaysia Hengyuan International Ltd. It is reported by news portal Inventure with reference to the foreign media. According to official information, the transaction value gets at 66.3 million dollars. As […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

LVMH`s revenue for the nine months fell by 21%

Revenue of French LVMH Moet Hennessy – Louis Vuitton for the first three quarters of this year fell by 21% year on year and amounted to 30.348 billion euros, according to the company’s report. The strongest decline in revenue in this period was recorded in the section “selective retail trade” and “watches and jewelry” – […]

Next
Oil giant Royal Dutch Shell PLC  is going to fire nearly  3,000 employees worldwide
News

The Antimonopoly Committee of Ukraine gave the “Gazprom” two months to pay the fine

The Antimonopoly Committee of Ukraine explained its fine to the “Gazprom” in the amount of 86 billion UAH refferint to noncompliance of contact relations from 2009 on gas transit through the Ukrainian territory by the Russian company, with the result that the “Naftogaz” lost significant incomes from the reduction of pumping volume of the fuel […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com