Shell warns another 2,800 jobs could go following BG merger

Shell warns another 2,800 jobs could go following BG merger

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.

 

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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