Stats: 3,183,311 members, 7,920,146 topics. Date: Tuesday, 13 August 2024 at 08:22 PM |
Nairaland Forum / Nairaland / General / Business / Shell;to Sack 6,500 Workers (916 Views)
Shell To Invest $25 Billion In Nigeria, Other Countries / Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria / CBN To Sack Banks’ CEOs And Chairmen Over Late Publication Of Accounts (2) (3) (4)
(1) (Reply)
Shell;to Sack 6,500 Workers by Onyije1(m): 4:42pm On Jul 30, 2015 |
What happened to all the billions of Dollars
they've made from oil fields in Nigeria for several
years?
Shell petroleum development company, SPDC,
says it will axe 6,500 workers this year and begin
a process of cutting spendings, to deal with an
extended period of lower oil prices in the global
market.
Shell wants to sack 6,500 staff and direct
contract workers from a total of nearly 100,000
employees.
“We have to be resilient in a world where oil
prices remain low for some time, whilst keeping
an eye on recovery,” said Ben van Beurden,
Shell's Chief Executive Officer.
Besides, the company announced on Thursday in
London the sale of a 33 percent stake in the
Showa Shell refinery in Japan to Idemitsu, for
about $1.4 billion.
The Anglo-Dutch company also said it was
planning more asset disposals, bringing total
asset sales between 2014 and 2018 to $50
billion.
Lower oil prices have contributed to a 37 percent
drop in the oil and gas group’s second-quarter
profits. And the group said it would reduce 2015
capital investment for the second time this year
to $30 billion by 20 percent from a year ago.
Big oil companies have cut 2015 spending by 10
to 15 percent from 2014, to cope with fall in oil
prices over the past year to below $55 a barrel
from over a $100.
Shell said its operating costs were expected to
fall by $4 billion, or around 10 percent, in 2015
as part of a broad efficiency drive to boost its
balance sheet. |
Re: Shell;to Sack 6,500 Workers by Onyije1(m): 4:46pm On Jul 30, 2015 |
Onyije1:source:www.hotnaijagossip.com |
(1) (Reply)
Where Can I Get This In Lagos / Read This! It may be your key to wealth. / Advice: Business To Start Up With #200k
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10 |