By reorganizing, the energy company wants to save two to 2.5 billion dollars a year (up to 57.9 billion CZK) from 2022.
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The British-Dutch energy company Royal Dutch Shell is planning to eliminate up to 9,000 jobs worldwide, which is more than ten percent of its workforce. The company is forced to do so by moving away from fossil fuels and the related change in business strategy. The company intends to cancel jobs by the end of 2022, the plan envisages 1,500 departures by agreement. Reuters reported today.
At the end of last year, the company had about 83,000 employees. By reorganizing, it wants to save two to 2.5 billion dollars a year (up to 57.9 billion CZK) from 2022.
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Since the beginning of the covid-19 pandemic, the company has struggled with declining profits due to a drop in fuel demand. In the first half of the year, its net profit fell 46 percent year-on-year to $ 2.9 trillion, and in the second quarter by 82 percent to $ 638 million. Five months ago, for the first time since World War II, the company decided to reduce the dividend.
“It simply came to our notice then. We have made strong financial decisions, including reducing the dividend, to be more resilient. “ stated the head of the company Ben van Beurden.
He reiterated that the company intends to become a zero-emission energy company by 2050 at the latest. That means it will sell other types of products.
“In 2050, we will have some oil and natural gas in the energy mix, but it will mainly include electricity and biofuels – both low-carbon. Furthermore, hydrogen and many other solutions, “ said van Beurden.
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