OH NO! Shell Set To Downsize Another 2,200 Jobs

LAGOS—Royal Dutch Shell said that it will cut an additional 2,200 jobs due to low oil prices and following its takeover of smaller rival BG Group. “Shell staff have today been informed about the progress being made on integrating BG into the company, and on further measures that are necessary to ensure Shell is competitive in a ‘lower for longer’ oil price environment,” the Anglo-Dutch group said in a statement. Shell said that the latest losses brings to at least 12,500 the number of staff and direct contractor jobs being cut from the

company between early 2015 and end of 2016. Jobs are being axed at its operations in the North Sea off the coast of Scotland, as well as in Ireland and elsewhere. “These are tough times for our industry and we have to take further difficult decisions to ensure Shell remains competitive through the current, prolonged downturn,” said Paul Goodfellow, Shell’s vice president for United Kingdom