Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion following its takeover of BG Group Plc.
That equates to 3 percent of Shell and BG’s combined workforce as The Hague-based company consolidates offices and its administration structure once the acquisition is completed, it said in a statement on Monday. The two companies both have offices in a number of countries, including the U.K., Australia and Brazil.
Chosen excerpts by Job Market Monitor. Read the whole story at Oil Giant Shell to Cut Around 2,800 Jobs Amid BG Takeover – Bloomberg Business