Posted: Wed May 27, 2009 10:34 am Post subject: Thousands of jobs at risk in Shell.
Up to 24,000 jobs are at risk in Shell after the Anglo-Dutch oil group unveiled plans for a major restructuring.
The oil giant this morning revealed a shake-up in which its exploration and production, gas and power and oil sands units are to be merged into two new divisions.
About 24,000 staff will be "impacted" by the changes - nearly one fifth of the group's 102,000 worldwide workforce - and redundancies are expected. Sources said that more than 30 per cent of senior executives in the two divisions could go.
The move forms part of efforts by Peter Voser, the group's chief executive-designate, to stamp his mark on the company and help it better to weather the problems caused by the plunge in oil prices, which hit a record $147 a barrel in July but are now at $63.
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