Virus-hit Shell says cutting up to 9,000 jobs by 2022
- 30 Sep 2020
Picture used for illustrative purpose. File
Anglo-Dutch energy major Shell said Wednesday it will axe 7,000-9,000 jobs by the end of 2022 in a major overhaul to combat plunging oil prices driven by the coronavirus pandemic.
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Shell said that "reduced organisational complexity, along with other measures" would generate annual cost savings of between $2.0 billion and $2.5 billion (1.7-2.1 billion euros) in response to the ongoing fallout from the Covid-19 crisis.
Agence France-Presse
