Oct 25, 2023 at 11:26 PM Update: 3 hours ago
Shell will cut two hundred jobs related to sustainable energy. The oil and gas company will also reduce its activities in the field of light hydrogen vehicles. Instead, it wants to focus more on heavy transport and industry.
Shell may later cut another 130 jobs. Those whose jobs disappear will probably soon be able to work elsewhere within the company. It is not yet possible to say whether jobs will also disappear in the Netherlands, according to a Shell spokesperson.
The intervention fits in with new CEO Wael Sawan’s aim to increase Shell’s returns. At the beginning of this year, Sawan succeeded the Dutchman Ben van Beurden as CEO of Shell. Under Van Beurden, Shell significantly expanded its green energy activities.
According to Sawan, the transition to sustainable energy sources is not happening fast enough to simply move away from oil and gas. That is why Sawan is cutting two hundred jobs at the so-called Low Carbon Solutions (LCS) division next year. This means that the workforce there will drop by 15 percent in one go.
The LCS division focuses on decarbonizing the transportation and industrial sectors. Shell managers already organized several meetings with LCS staff last week in which the plans were announced.
Shell still plans to invest between 10 billion and 15 billion dollars between 2023 and 2025 to support the development of low-carbon energy solutions, according to the spokesperson. This concerns, for example, biofuels, hydrogen and charging electric vehicles.
Approximately 8,500 people work at Shell in the Netherlands. Worldwide this concerns approximately 93,000 people.
Image: Wael Sawan in 2013 when he was still managing director at Shell Qatar, Getty Images
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2023-10-25 21:26:29
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