Posted on October 30, 2009 at 6:46am
Oil major, Royal Dutch Shell Plc, said it is cutting 5,000 jobs to deal with the harsh economic environment.
The cut is part of a larger "Transition 2009" restructuring programme. It envisages that 10 per cent of the company's 102,500 global workforce will be affected.
"We continue to focus on improving our competitive cost position, simplifying Shell, and increasing personal accountabilities. The Transition 2009 programme, which I announced earlier this year, is… Continue