Shell has said it plans to cut between 7,000 and 9,000 jobs worldwidefollowing a collapse in demand for oil amid the coronavirus pandemic. The oilgiant has said the cuts will be fully implemented by the end of 2022. Thecompany also told investors that this includes around 1,500 employees who...
CNN reports that Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels. On Wednesday, the company said it would cut between 7,000 and 9,000 positions by the end of 2022. That's ten percent of its workforce. The total includes 1,500 people who have volunteered to leave the company this year. Shell expects the overhaul to deliver annual cost savings of up to $2.5 billion by 2022.
Indian Army's Rajputana Rifles celebrated its Remembrance Day at Delhi's Cantonment area on November 25. Lt Gen KJS Dhillon paid homage to the bravehearts. Many serving officers of Rajputana Rifles paid homage to slain soldiers on the Remembrance Day. November 25 is observed as the Remembrance Day every year to pay homage to the immortal soldiers of the regiment, who lost their lives during World War II.
The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition..