In the case of oil and gas giant Shell, thousands of jobs are at risk. It is expected that this will be announced on Wednesday. Then Shell allegedly also comes up with an interim trade update in anticipation of the quarterly update.
In the United Kingdom, hundreds of jobs are reported to be removed. The intervention is part of a wider reorganization. Shell employs 83,000 people worldwide.
There have already been reports that Shell wants to reduce its oil and gas production by 40%. This would be part of a strategic review with a view to energy transition and simplifying the structure. The question that would be on the table is what kind of company Shell wants to be in the future.
In Shell’s retail branch, which accounts for 45,000 tank and service stations, the cost would have to be reduced anyway. In addition, other interventions are reported to be considered, including cutting into management layers.
A spokesman for Shell was not directly available for comment.
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