Shell plc (NYSE:SHEL) reportedly plans to reduce its oil and gas exploration and development workforce by 20%.
This move follows significant reductions in the renewables and low-carbon businesses, reported Reuters.
As per the report, the proposed 20% reduction is contingent upon consultations with employee representative bodies.
The restructuring of Shell’s exploration, wells development, and subsurface units will result in hundreds of job cuts globally, with notable impacts on its offices in Houston, The Hague, and, to a lesser extent, Britain.
The report quoted Shell as saying, “Shell aims to create more ...
