Netherlands - Shell announces massive job cuts - February 29, 2016

Along with the company’s fourth quarter figures the oil and gas giant Shell presented plans to cut some 10 thousand jobs. The management announced the start of a new chapter in Shell, rejuvenating the company, and improving shareholder returns. The company is cutting investment by cancelling or postponing projects and slashing costs; around 2,800 jobs are going as a direct result of the Shell/BG merger.

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