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Shell: Shell Plans 400 Job Cuts at Dutch Projects and Technology Department - Times of India 07/08/2017, 08�33 Shell: Shell plans 400 job cuts at Dutch projects and technology department - Times of India 07/08/2017, 08)33 Indiatimes|The Times of India|The Economic TimesSign In Business HomeHome Videos City India World Business Tech Cricket Sports Entertainment TV Life & Style Photos Live TV TIMES NEWS - RADIO Modi Government Yoga Day GST Elections 2017 Delhi MCD 2017 Brandwire Yearender 2016 Good Governance Business India Business International Business Sensex Photos Videos PSUs Sectors Sectors Agriculture Aviation Corporate Economy Energy GST Markets Personal Finance Real Estate Services http://timesofindia.indiatimes.com/business/international-business…dutch-projects-and-technology-department/articleshow/59844168.cms Page 1 of 10 Shell: Shell plans 400 job cuts at Dutch projects and technology department - Times of India 07/08/2017, 08)33 Telecom Tax Calculator Small Business More 1. News » 2. Business » 3. International Business News » 4. Shell plans 400 job cuts at Dutch projects and technology department Shell plans 400 job cuts at Dutch projects and technology department Reuters | Jul 31, 2017, 01:55 PM IST By Tom Bergin LONDON, July 31 (Reuters) - Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters. The world's second-largest oil company by market capitalisation said in a statement responding to questions from Reuters that "approximately 400 (staff) are potentially at risk of redundancy during the last quarter of 2017/first half of 2018". That represents around a quarter of the roles at the department, according to the staff consultation document seen by Reuters. The group employs 92,000 worldwide. "Shell is transforming into a simpler company," a spokesman said, adding the final number of job cuts would be subject to consultation with employees. He declined to answer detailed questions about the consultation document. The proposed restructuring, which will also see dozens of research roles move from the Netherlands to Bangalore, India, highlights how lower oil prices are prompting the Anglo-Dutch oil giant to shift away from the mega-projects which have been its focus for over 20 years. It also underscores an increasing shift of higher-value roles, such as research to lower cost countries. "There will be fewer one-of-a-kind highly complex mega-projects and proportionately more simple to medium complex projects... This heralds a more 'commoditised' world for project delivery," said the document, which was given to royaldutchshellplc.com, an independent website used by Shell staff, and seen by Reuters. In addition to staff cuts, Shell aims to reduce costs by outsourcing more "lower value-adding" design work, reducing the number of staff on expensive expatriate employment packages and by cutting layers of management in its project and technology operations. "The industry as a whole has become less efficient over the last 1-2 decades, whilst automotive, aerospace, solar and wind, for example, have become more efficient," it said. The oil industry has been cutting jobs - including around 12,500 at Shell - and capital investment budgets in recent years as lower oil prices have rendered many previously profitable projects uneconomic. While the second quarter saw a rebound in many companies' earnings, analysts say strong production and low operating costs at U.S. shale oil fields means a significant recovery from the around $50/barrel level Brent crude has traded at over the past two years is unlikely anytime soon. That price is around half the level crude traded at over the previous six years. (Editing by Louise Heavens) http://timesofindia.indiatimes.com/business/international-business…dutch-projects-and-technology-department/articleshow/59844168.cms Page 2 of 10 Shell: Shell plans 400 job cuts at Dutch projects and technology department - Times of India 07/08/2017, 08)33 Get latest news & live updates on the go on your pc with News App. Download The Times of India news app for your device. (This story has not been edited by timesofindia.com and is auto–generated from a syndicated feed we subscribe to.) RELATED Chants against Saudi Arabia as Iran Iranian pilgrims return to haj in marks Jerusalem Day Saudi Arabia after boycott last year Shell gets everything right except Shell nears midway point in producing oil turnaround FROM AROUND THE WEB In the Know Over 50’s are Check Out The Hottest New SUVs Adjustable Beds for £399, Read Investing in Funeral Cover of 2017 - Search Here More! 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Join Our newsletter Follow Us @timesofindia Read More tom berginTehranSusan FentonShellSaudi Arabia Stumps 4th Test, Manchester ENG 362, 224/8 (66.2 Ovs) RSA 226 England lead by 360 runs FULL SCORECARD | COMMENTARY Navbharat Times http://timesofindia.indiatimes.com/business/international-business…dutch-projects-and-technology-department/articleshow/59844168.cms Page 5 of 10 Shell: Shell plans 400 job cuts at Dutch projects and technology department - Times of India 07/08/2017, 08)33 !कले से !गरकर बच गई 8 माह क/ गभ1वती Featured Today In Travel This ULTIMATE Beer Fest in Dehradun is just the place this Friendship Day! From our Global Partners 1 Shell plans 400 job cuts at Dutch projects and technology department 2 Nippon Prologis REIT says unit prices 3 Dubai's Aramex Q2 net profit down 23 pct 4 TOCOM ends higher on firmer oil http://timesofindia.indiatimes.com/business/international-business…dutch-projects-and-technology-department/articleshow/59844168.cms Page 6 of 10 Shell: Shell plans 400 job cuts at Dutch projects and technology department - Times of India 07/08/2017, 08)33 5 Severn Trent: top of STOXX after RBC double upgrade Other Times Group news sites The Economic Times Mumbai Mirror IGN India Hindi Econimic Times Times Now I am Gujarat Pune Mirror Tamil Samayam Bangalore Mirror Maharashtra Times Telugu Samayam Ahmedabad Mirror Go Green Miss Kyra ItsMyAscent Lifehacker India Hindi News Education Times Gizmodo India FILMIPOP Hindi Brand Capital Eisamay Indiatimes Gujarati Economic Times Vijaya Karnataka Malayalam Samayam Times Food Living and entertainment iDiva MensXP.com Femina Entertainment Grazia Zoom Travel Destinations Filmipop Luxpresso Smartapp http://timesofindia.indiatimes.com/business/international-business…dutch-projects-and-technology-department/articleshow/59844168.cms Page 7 of 10 Shell: Shell plans 400 job cuts at Dutch projects and technology department - Times of India 07/08/2017, 08)33 Bombay Times Cricbuzz.com Filmfare Online Songs top trends Vladimir Putin SIS IPO Income tax efiling CAT 2017 Sensex Udham Singh Infosys Nitish Kumar Pro Kabaddi 2017 Tejaswi Yadav India vs Sri Lanka Gold Rate today Pro Kabaddi League WWE Results Narendra Modi services Ads 2 Book Bank Exam App iTimes Entertainment App ET Money Finance App Coupon Duniya Dineout Mobile Recharge Magic Bricks Techgig Times Jobs Bollywood News Times Mobile Zigwheels Remit 2 India TC Next Bikes in India Used Cars Astro Speak Simply Marry GadgetsNow itimes Popular Categories http://timesofindia.indiatimes.com/business/international-business…dutch-projects-and-technology-department/articleshow/59844168.cms
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