{"id":376247,"date":"2020-10-01T10:51:00","date_gmt":"2020-10-01T05:21:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376247"},"modified":"2020-10-01T10:51:00","modified_gmt":"2020-10-01T05:21:00","slug":"shell-plans-to-cut-up-to-9000-jobs-worldwide-as-oil-demand-slumps","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shell-plans-to-cut-up-to-9000-jobs-worldwide-as-oil-demand-slumps\/","title":{"rendered":"Shell plans to cut up to 9,000 jobs worldwide as oil demand slumps"},"content":{"rendered":"<p>Energy producer Royal Dutch Shell said Wednesday it&#8217;s planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in prices during the coronavirus pandemic.<\/p>\n<p>The company said around 1,500 employees have already agreed to take voluntary redundancy this year and that it&#8217;s looking at a raft of other areas where it can cut costs, such as travel, its use of contractors and virtual working. Overall, it said it expects the cost-cutting measures to secure annual cost savings of between $2 billion and $2.5 billion by 2022.<\/p>\n<p>\u201cWe have to be a simpler, more streamlined, more competitive organization that is more nimble and able to respond to customers,&#8221; Ben van Beurden, the company&#8217;s chief executive, said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy producer Royal Dutch Shell said Wednesday it&#8217;s planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in prices during the coronavirus pandemic. The company said around 1,500 employees have already agreed to take voluntary redundancy this year and that it&#8217;s looking at a raft of other areas where it can cut costs, such as travel, its use of contractors and virtual working. Overall, it said it expects the cost-cutting measures to secure annual cost savings of between $2 billion and $2.5 billion by [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-376247","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=376247"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376247\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}