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Shell cuts staff in North Sea operations

by Associated Press

LONDON Mar 27, 2015 - 12:00 am GMT+3
by Associated Press Mar 27, 2015 12:00 am
Shell U.K. says it will cut at least 250 staff and contractors in the North Sea, amid sharp drops in the price of oil. The oil company said yesterday the cuts are part of a range of initiatives it has been pursuing to manage costs and improve competitive performance. Shell's upstream vice President says that despite tax breaks, the industry had to double "its efforts to tackle costs and improve profitability if the North Sea is to continue to attract investment."
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  • Last Update: Mar 27, 2015 1:12 am
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