Royal Dutch Shell will let go of another 2,800 jobs if its planned takeover of BG Group goes through. Shell received a crucial green light from China today in its ongoing pursuit of taking over the British gas giant – a deal first announced in April.
China’s Ministry of Commerce cleared the deal, Shell said on Monday, after earlier approvals from Australia, Brazil and the European Union.
Redundancies in global offshore industries are nearing 300,000 in the past 12 months on the back of the weak price of oil. Shell canned more than 7,000 jobs earlier this year.