Shell to cut up to 9,000 jobs as oil demand slumps

BBC News Wednesday, 30 September 2020
The move comes five months after it cut its dividend for the first time since World War Two.
Video Credit: PA - Press Association STUDIO - Published
News video: Shell to slash up to 9,000 jobs worldwide

Shell to slash up to 9,000 jobs worldwide 01:14

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...

💡 One News Page Knowledge: Other News Mentions

Royal Dutch Shell Royal Dutch Shell Anglo-Dutch oil company

Shell Will Cut 9,000 [Video]

Shell Will Cut 9,000

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.

Credit: Wochit News    Duration: 00:32Published

World War II World War II 1939–1945 global conflict between the Axis and the Allies

Exeter war veteran, 97, guilty of sexually assaulting five women

Richard Staves, who served in World War Two, assaulted his victims after speaking of his loneliness.
BBC News
Rajputana Rifles celebrates its Remembrance Day at Delhi Cantonment [Video]

Rajputana Rifles celebrates its Remembrance Day at Delhi Cantonment

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.

Credit: ANI    Duration: 01:23Published

America's oldest WWII veteran gets a helping hand

At 111 years old, New Orleans resident Lawrence Brooks is believed to be the country's oldest living World War II veteran. Upon celebrating his latest birthday,..
CBS News

Daniel Cordier, from French Resistance hero to art dealer

French Resistance figure Daniel Cordier - who has died at the age of 100 - was one of a last remaining heroes decorated by Charles de Gaulle for their role in..

You Might Like

Related videos from verified sources

Aramco doubles down on oil to outlast rivals [Video]

Aramco doubles down on oil to outlast rivals

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..

Credit: Reuters Studio     Duration: 01:42Published