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

  • Apple has intensified its work on a competitor to Google search
    News

    Apple has intensified its work on a competitor to Google search

    Apple has intensified work on its own search service, which will become a competitor to Google, writes the Financial Times, citing interlocutors in the mobile industry. One of the signs of this, the interlocutors called the fact that after updating the iOS operating system, Apple began to show its own search results and provide direct […]

  • AMD will merge with rival Xilinx by exchanging shares
    News

    AMD will merge with rival Xilinx by exchanging shares

    American chipmaker Advanced Micro Devices Inc (AMD) is buying rival Xilinx Inc for $ 35 billion under a deal that it will be paid for in full by AMD shares. According to a press release from AMD, the operation will create a company worth about $ 135 billion. “The acquisition of Xilinx will allow AMD […]

  • The price of oil is falling due to rising reserves in the United States
    News

    The price of oil is falling due to rising reserves in the United States

    Oil becomes cheaper due to a sharp increase of reserves in the US and an increase in the number of coronavirus cases, which has raised fears of oversupply and weakening demand. This is evidenced by the data of stock trading on the site Investing.com published on Wednesday, October 28. In particular, the price of December […]

  • Apple, Alphabet, Facebook and Amazon report earnings this week
    News

    Apple, Alphabet, Facebook and Amazon report earnings this week

    In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]

  • Zoom Video launches new end-to-end encryption for users around the world
    News

    Zoom Video launches new end-to-end encryption for users around the world

    Shares of Zoom Video Communications, which rose 716% over the past 12 months, rose 5.8% during trading on Monday, but closed with an increase of 1.23%. This is very different from the general decline in the market on Monday – major US stock indexes closed lower: the S&P 500 by 1.86%, the Dow Jones by […]

  • Pfizer reported earnings below estimates and lowered its annual forecasts
    News

    Pfizer reported earnings below estimates and lowered its annual forecasts

    Shares of Pfizer decreased by 3.2% since the beginning of the year, fell by 1.65% on Tuesday after the company announced the results of the third quarter, which ended on September 30. Pfizer reported a 4% drop in earnings per share (compared to the same quarter in 2019) to $ 0.72, but this was slightly […]

  • Zelensky commented on the court’s decision to dismiss NABU head Sytnyk
    News

    Zelensky commented on the court’s decision to dismiss NABU head Sytnyk

    The President’s Office stated that the decision of the Kyiv District Administrative Court (KDAC) to dismiss NABU Director Artem Sytnyk could not be considered final, as it would be appealed. This was announced on Tuesday, October 27 by the press service of the President’s Office. The President also noted that any differences over anti-corruption bodies […]

  • There will not be enough vaccines for all EU citizens in 2021
    News

    There will not be enough vaccines for all EU citizens in 2021

    Next year, only a small proportion of people in the European Union will be able to get the coronavirus vaccine. Officials in European countries have not yet decided on the vaccination of citizens. This was announced by Reuters on Tuesday, October 27. “By the end of 2021, there will not be enough doses of the […]

Read also

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

Walmart has partnered with three drone manufacturers launching trial delivery of tests for the coronavirus

The company Walmart continues to follow the advanced technology in the field of e-commerce and delivery. Walmart has partnered with three drone manufacturers: Flytrex, Zipline and DroneUp, as well as with the large American network of clinical laboratories Quest Diagnostics. According to the company, DroneUp drones have already made 57 flights with the average time […]

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

Tencent has offered $ 1.5 billion for video game developer Leyou Technologies

Chinese internet giant Tencent Holdings has made an offer to buy Leyou Technologies Holdings, which estimates this video game developer at 11.61 billion Hong Kong dollars ($ 1.5 billion), writes The Wall Street Journal. Tencent plans to pay for the full transaction with money, without attracting outside funding, and is willing to pay $ 3.3219 […]

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

The Swiss company has become a co-owner of the Ukrainian business Rosneft

The Swiss company Glusco Energy S.A. received the permission from the Antimonopoly Committee of Ukraine for the acquisition of a 50% stake in Rosneft Management Company Ltd and Fargrade Ltd. It became known from the information posted on the official website of the Ukrainian regulator. The cost of the transaction was not disclosed. Registered in […]

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

Peloton launches a new exercise bike and treadmill

Shares of Peloton Interactive, which rose 184% since the beginning of the year, fell 3.6% over the past three trading days, despite two price target increase from experts of investment companies. Last week, JP Morgan raised its target price for Peloton shares from $ 58 to $ 105. On Friday, analysts at JMP Securities raised […]

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

Ukrsotsbank and Alfa-Bank combine their assets

Alfa-Bank intends to consolidate its Ukrainian unit with Ukrsotsbank, said the Chairman of the Board of Directors Peter Aven.  “Association of Alfa-Bank and Ukrsotsbank can take years. Various options are possible for future transactions with UniCredit in Russia”, – Quotes Bloomberg agency his  statement to journalists in Kiev. According to Aven, “Alfa-Bank” is going to […]

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

Ministry of Economic Development of Ukraine said about the attempt of the forcible takeover of the “Electrotyazhmash” Kharkov plant

Ministry of Economic Development of Ukraine considers as  unacceptable any use of force in the enterprise and expresses its intention to be protected within the framework of the law. Ministry of Economic Development has announced an attempt to raider seizure of state enterprise “Electrotyazhmash” plant”(Kharkiv). This was reported by the press service of the Office. […]

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

Investors against Citigroup

PIMCO and other investors appealed to the court with the case against Citigroup, due to the fact that the bank is not able to control the mortgage loans, resulting in $2.3 billion of losses. Citigroup will respond in a New York´s state court in Manhattan for actions that not justified the confidence of investors. Now […]

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

The major producer of pig meat will build a station for biogas production in Ivano-Frankivsk region

The agricultural enterprise “Danosha” (Kalushskyi  district) intends to build a station for the biogas production in the village Tustan Galichskyi district, Ivano-Frankivsk region till 2017. It was said by the CEO Christian Jacobsen to the reporters. The plant capacity is 1 megawatt. It will use the raw materials of organic waste of animals and herbage. The installation […]

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

Ukrhazvydobuvannia Tender won the company with hazy biography

It became aware the results of the tender of Ukrhazvydobuvannia by 13.3 billion UAH on the organization of drilling gas wells. The winner was a little-known company Pivnichhazresurs,the charter capital of which is only 74 thousand UAH, and the staff consists of two people. Also, it should be noted that on account of the above-mentioned […]

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

The cost of bringing claims to london court are growing up

00The cost of bringing a claim against a bank in the London courts has skyrocketed with claimants exposed to costs of up to £10m, say senior litigators. The debate over costs follows a string of high-profile civil litigation and investor claims against banks filed at the High Court in recent months. Banks including Barclays, Lloyds […]

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

MEET NEW NUTTY ENJOYMENT FROM AXA

Good news from products company Lantmannen AXA was not long in coming! Company asked consumers: “What ingredients do you add most often to granola?” One of the most popular answers is nuts. We launched Super nuts Granola! The design has acquired the corporate style of the AXA Granola line. In combination with oatmeal, crispy honey […]

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

Major oil company Total was fined for $ 3.6 million

Commodity Futures Trading Commission USA announced the application of penalties in respect of the American division of the oil company Total. The company is accused of fraud in the gas market in the USA, in an attempt to carry out manipulations with the index monthly gas prices in Houston and other markets in the United […]

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

Ukrainian choice and «green tariff»: what awaits the energy market in the coming years?

LET’S GO GREEN 2016 has set two opposing energy records. According to the International Energy Agency (IEA), oil production has fallen to a minimum level over the past 70 years. Mining companies continue to reduce costs associated with low oil prices. Mining has dropped to 2,4 billion barrels in 2016, compared with the average indicator […]

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

The supervisory authorities have fined the operator Orange for the record sum of € 350 million

Regulators fined the largest French mobile operator – The Orange Company in the amount of € 350 million. The reason for the fine is the abuse of a dominant market position. The supervisory authorities of France conducted an investigation and determined that since the early 2000, Orange fraudulently suppressed the competition in their field. The […]

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

Shares of world banks is falling after the data leak

Quotes of some international banks began to fall after the leakage of FinCEN files. This was reported by the publication Ukrainian Capital with reference to the auction data. The files contain information on suspicious transactions worth $ 2 trillion through the world’s largest banks. Shares of Deutsche Bank, which, according to FinCEN files, conducted transactions […]

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

Visa and BioConnect to create a new application soon

Visa in conjunction with BioConnect will promise to provide a new service which will give an opportunity to their clients to undergo the procedure of biometric authentication, using the application on their phone in the nearest future. According to developers of the program, such innovation is a fine alternative to passwords use. In addition, the […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com