European oil giant Royal Dutch Shell expects to cut up to 9,000 jobs, or more than 10% of its workforce, as it seeks to transform into a more sustainable energy producer, the company said Wednesday. , according to Reuters — will result in a number of other dramatic changes to Shell, the third-largest oil company in the West.
"We will have some oil and gas in the mix of energy we sell by 2050, but it will be predominantly low-carbon electricity, low-carbon biofuels, it will be hydrogen and it will be all sorts of other solutions too," Ben van Beurden, Shell's CEO, said in an interview published on the firm's website Wednesday.
Five months ago, Shell cut its dividend for the first time since World War II. Other major energy companies including BP and Equinor have also axed their dividends this year to cut costs.Do you have information about job cuts at Shell? Reach out to this reporter atReutersShell said job cuts will range from 7,000 to 9,000 workers by the end of 2022, and that number includes about 1,500 workers who volunteered to leave the company this year.
"In many places, we have too many layers in the company: too many levels between me, as the CEO, and the operators and technicians at our locations," he said. "We have also found that there are many people in the middle of our organization who have a relatively small number of people reporting to them."
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