Shell planning to reduce headcount by another 2,800

Shell news
Shell news

Shell has said it will cut 2,800 jobs if its planned takeover of BG Group goes ahead, the company has confirmed.

The proposed job cuts – representing around 3% of the company’s workforce – are in addition to the 7,500 jobs losses Shell announced in July.

The tie-up between Shell and BG deal is due to be completed early next year.

As part of that, Shell proposes that office consolidation will be undertaken where practical in certain locations around the world.

With regards to office footprint rationalisation in the UK, Shell will, following deal completion, undertake a comprehensive review during the course of 2016.

The final regulatory barrier to the tie-up was cleared on Monday after it was approved by China.

In a statement Shell said its expectation is that BG’s business would be integrated into Shell’s businesses.

Shell said the proposed changes are subject to deal completion, engagement with affected employees and relevant employee representatives.

Further detailed work will be undertaken on the details of the proposed operational and administrative restructuring as part of ongoing integration planning. The deal
remains on track for completion in early 2016.