Shell announces major changes

Oil company Shell's chief executive, Ben van Beurden, warns of job losses and savings due to the economic crisis.

Photo: Yves Herman/Reuters/Ritzau Scanpix

Oil company Royal Dutch Shell faces a significant restructuring, which will be presented at the end of the year, says CEO Ben van Beurden in a video interview posted on the company's internal website, writes Reuters.

According to van Beurden, the restructuring will involve cuts, including job losses and cost reductions. The scope of the cuts remain unknown, sources tell Reuters.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Norden books "fantastic" second-quarter result

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

Further reading

Related articles

Latest news

See all jobs