Royal Dutch Shell announced on Wednesday that it expects to cut between 7,000 and 9,000 jobs, more than 10% of its workforce, in order to shift to low-carbon energy.
Shell, which had 83,000 employees at the end of 2019, said that the reorganization would save between $2 billion and $2.5 billion by 2022, beyond cost cuts of $3 to $4 billion announced earlier this year.Last month it launched a broad review of its business aimed at cutting costs as it prepares to restructure its operations as part of the shift to low-carbon energy.
Reducing costs is vital for Shell's plans to move into the power sector and renewables, where margins are relatively low. Shell, the world's largest fuel retailer, saw a recovery in fuel sales in the third quarter from lows hit in the previous quarter as some countries gradually emerged from lockdown measures.
BHP loves the idea.
Yhu ha ah
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside MatPat's Game Theory YouTube strategy and business: interview - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Donald Trump's 8 properties, from New York to St. Martin - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Damn I want to be like Trump!! Owns or owes on? Trump 10 yıldır hiç vergi ödemedi
Source: BusinessInsider - 🏆 729. / 51 Read more »
Photos: Take a look inside John Legend and Chrissy Teigen's new home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Cheap compared to Jeff Bezos’ house. Or the 1bil$ House in India :3 And on the same day John went on TV to announce that people should move out of America because orange man bad.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Elisabeth Brinton profile: EVP of new energies at Royal Dutch Shell - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ING_news ✌😊
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to get a job at Instagram in 2020, according to insiders - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That’s really interesting
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wells Fargo ups third-party fintech data-sharing capabilities - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They are literally a fraud, waste, and abuse case study. This is intriguing
Source: BusinessInsider - 🏆 729. / 51 Read more »