Oil company Shell to cut up to 9,000 jobs

Royal Dutch Shell is to axe up to 9,000 jobs in a cost-cutting shake up.

The move is in line with the company’s plans to adapt to a “low-carbon future” and become more “streamlined”.

The Covid-19 pandemic has also played a part in the decision.

The oil firm has 83,000 employees worldwide and the cuts will lead to annual savings of £1.9 billion by 2022.

The staff losses will be between 7,000 and 9,000.

Already, 1,500 have agreed to take voluntary redundancy.

It’s not known many countries will be affected by the cuts.

Shell employs 6,500 in the UK.

About the Author

Philip Braund spent 16 years at the Daily Mirror as a reporter and news editor before moving to ITV. He was the series producer of the ground-breaking investigation programme The Cook Report, Managing Editor at ITV's Millbank Studios, and Head of News at ITV Central. He has won national and regional Royal Television Society awards for documentaries.

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