Shell Confirms 10,000 Job Cuts And A Steep Profits Fall - Business - Nairaland
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| Shell Confirms 10,000 Job Cuts And A Steep Profits Fall by Ifeanyismigel(m): 9:32am On Feb 04, 2016 |
Source: CNN Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years. It made $1.8bn (£1.23bn) for the fourth quarter of the year, compared with a $4.2bn profit for the same period the year before. Full-year 2015 earnings, excluding identified items, were $10.7bn, compared with $22.6 billion in 2014. The oil firm indicated it would report a massive drop in profits two weeks ago. See the Full Story http://owelliamaka..com.ng
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