Some Shell Employees Should Be Feeling Nervous Over This

According to an internal document that Reuters saw, Shell Plc has plans to terminate over 400 jobs in the Netherlands. The job cuts will take place mostly at the Dutch company’s major projects and energy technology operations.

In a statement answering questions from Reuters, Shell revealed that “approximately 400 (staff) are potentially at risk of redundancy during the last quarter of 2017/first half of 2018”.

Considering that the company has around 92,000 employees worldwide, the job cuts may not seem like a lot, but it’s around a quarter of the roles at the department according to the document Reuters saw.

A spokesman commented, “Shell is transforming into a simpler company.” The spokesman revealed that the final number of terminations would be subject to consultation with employees.

According to the document given to royaldutchshellplc.com, which Reuters saw, “There will be fewer one-of-a-kind highly complex mega-projects and proportionately more simple to medium complex projects… This heralds a more ‘commoditised’ world for project delivery.”

The world’s second-largest oil company by market capitalization is planning to reduce its costs by outsourcing more.

Disclaimer: We have no position in Royal Dutch Shell plc (ADR) ADR Class A (NYSE: RDS.A) and have not been compensated for this article.