Shell to axe 400 jobs

The Hague-based LNG giant Shell could cut approximately 400 jobs as it continues its restructuring to cope with lower oil and gas prices. 

Reuters initially reported on Monday that 400 jobs will be cut in the Netherlands, citing an internal document.

Responding to an email by LNG World News, a company spokesperson said, “Shell is transforming into a simpler company, through reshaping of the portfolio and a structural change.”

The spokesperson further noted the company is engaging with employees and their representative on the proposed restructuring of the global Projects & Technology organization.

“As a result of the proposed changes to the structure and ways of working of our Projects & Technology organization, approximately 400 are potentially at risk of redundancy during the last quarter 2017/first half 2018,” the emailed statement reads.

The final impact of the restructuring remains unknown but Shell noted some of the employees involved could secure alternative roles within the company.

LNG World News Staff