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By Ron Bousso
LONDON, Sept 30 (Reuters) - Royal Dutch Shell
announced on Wednesday plans to cut up to 9,000 jobs, or over
10% of its workforce, as part of a major overhaul to shift the
oil and gas giant to low-carbon energy.
Shell, which had 83,000 employees at the end of 2019, said
that the reorganisation will lead to annual savings of $2
billion to $2.5 billion by 2022.
Shell last month launched a broad review of its business
aimed at deeply cutting costs as it prepares to restructure its
operations as part of a shift to low-carbon energy.
The Anglo-Dutch company said it expected to cut 7,000 to
9,000 jobs by the end of 2022, including some 1,500 people who
have agreed to take voluntary redundancy this year.
In an operations update, Shell also said its oil and gas
production was set to drop sharply in the third quarter to
around 3,050 barrels of oil equivalent per day due to lower
output as a result of the coronavirus pandemic and hurricanes
that forced offshore platforms to shut down.
(Reporting by Ron Bousso, editing by Louise Heavens)