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.

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