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Shell To Sack 10,000 Workers - Capital Post - Career - Nairaland

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Shell To Sack 10,000 Workers - Capital Post by squash1986(m): 6:26pm On Jan 20, 2016
As its fortunes dwindled due to falling oil prices, Royal Dutch Shell Plc is to sack 10,000 people in an effort to bolster margins.
Shell’s drive to improve competitive performance is delivering at the bottom line. Operating costs have reduced by $4 billion, or around 10 per cent in 2015, and the company expects Shell’s costs to fall again in 2016 by a further $3 billion.
Synergies from the BG combination will be in addition to that. Together, these actions will include a reduction of some 10,000 staff and direct contractor positions in 2015-16 across both companies, as streamlining and integration of the two companies continue.
When Shell announces its results on 4 February 2016, Shell’s fourth quarter 2015 earnings on a current cost of supplies (“CCS”) basis excluding identified items are expected to be in the region of $1.6–1.9 billion.
This includes Upstream of $0.4–0.5 billion, of which Integrated Gas some $1.6–1.9 billion, and Downstream of $1.4–1.6 billion, of which oil products some $1.3–1.4 billion and chemicals some $0.1–0.2 billion. Full year 2015 earnings on a CCS basis excluding identified items are expected to be in the region of $10.4 – 10.7 billion.

http://capitalpost.com.ng/oil-giant-shell-to-sack-10000-workers/
http://capitalpost.com.ng/oil-giant-shell-to-sack-10000-workers/

1 Like 2 Shares

Re: Shell To Sack 10,000 Workers - Capital Post by Pidggin(f): 6:27pm On Jan 20, 2016
This is bad, hope those affected get better jobs or create successful businesses

Oil and gas job no be am again

44 Likes 2 Shares

Re: Shell To Sack 10,000 Workers - Capital Post by theV0ice: 6:33pm On Jan 20, 2016
It's to be expected. Globally, the oil industry is cutting back investments of over $200B over the next few years and this will be felt in the size of the workforce.

This will continue until the price of oil experiences some sort of resurgence however, what isn't in doubt is that the oil industry will never be the same again.

23 Likes 1 Share

Re: Shell To Sack 10,000 Workers - Capital Post by flokii: 6:34pm On Jan 20, 2016
shocked

1 Like 1 Share

Re: Shell To Sack 10,000 Workers - Capital Post by whytepawn1(m): 6:38pm On Jan 20, 2016
oil workers hope you are divesting.

4 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by Nobody: 6:39pm On Jan 20, 2016
when operators start sacking, then there is trouble.

9 Likes 3 Shares

Re: Shell To Sack 10,000 Workers - Capital Post by wordcat(m): 6:40pm On Jan 20, 2016
Non of my business

2 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by Emmaus12: 6:41pm On Jan 20, 2016
Well its been announced since last year, all Oil Majors are currently cutting costs by reducing headcount and cutting project costs. It is expected because of the low oil price and mind you these cuts have been announced since mid last year.

Make una no blame am on PMB or GEJ its strictly business. Shareholders must chop!

39 Likes 1 Share

Re: Shell To Sack 10,000 Workers - Capital Post by Nobody: 6:51pm On Jan 20, 2016
this is shell world wide not shell Nigeria.
however out of the 10,000 people to be sacked, 2000 will be in Nigeria because of Shell massive size in Nigeria

9 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by Emmaus12: 6:54pm On Jan 20, 2016
tuale4u:
this is shell world wide not shell Nigeria.
however out of the 10,000 people to be sacked, 2000 will be in Nigeria because of Shell massive size in Nigeria

My brother, them don reduce headcount last year and the year before....it is global cut like you said. 2000 is not from Shell Nigeria rather 2800 is a fall out from the Shell BG merger, while 7000 is Shell group (staff and contractors ) globally

6 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by Onyejiuwaokoh: 7:09pm On Jan 20, 2016
If you vote me I will create one million jobs and stabilize oil price , $1 will be equal to our 1naira.

79 Likes 9 Shares

Re: Shell To Sack 10,000 Workers - Capital Post by ajepako(f): 7:38pm On Jan 20, 2016
Onyejiuwaokoh:
If you vote me I will create one million jobs and stabilize oil price , $1 will be equal to our 1naira.

Yeah. I remember the person that said that is high on Owerri weed and burukutu.. grin cheesy grin

84 Likes 9 Shares

Re: Shell To Sack 10,000 Workers - Capital Post by allanphash7(m): 8:28pm On Jan 20, 2016
Lobatan
Re: Shell To Sack 10,000 Workers - Capital Post by Integrityfarms(m): 8:28pm On Jan 20, 2016
Lets Blame GEJ #Laughing in APC tunes

34 Likes 2 Shares

Re: Shell To Sack 10,000 Workers - Capital Post by cutetopsey(f): 8:28pm On Jan 20, 2016
shocked

It is well....

I have a dream, that one day! Nigeria will rise again.....

3 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by looseweight: 8:28pm On Jan 20, 2016
This is gonna be a testing time for oil workers. But I believe the enginners and on shore workers will still retain their positions.

For detail natural weight loss therapy, check my profile

1 Like

Re: Shell To Sack 10,000 Workers - Capital Post by 151487made(m): 8:29pm On Jan 20, 2016
This administration na to dey laff ooo.

Sai baaba!! Sai nonsense!!!

The only adminstration wey old old pple dey get appointment and d young dey get sack leta everyday.

24 Likes 2 Shares

Re: Shell To Sack 10,000 Workers - Capital Post by SPG4U(m): 8:29pm On Jan 20, 2016
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well i do not see them having much problem if they are wise.
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https://www.nairaland.com/2844443/know-anybody-down-stroke

2 Likes 1 Share

Re: Shell To Sack 10,000 Workers - Capital Post by Adesiji77: 8:29pm On Jan 20, 2016
Oil price now below $27 per barrel

9 Likes 1 Share

Re: Shell To Sack 10,000 Workers - Capital Post by ehix89(m): 8:30pm On Jan 20, 2016
jeeeeezzzzz,my dad

2 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by IsaacBuchi(m): 8:30pm On Jan 20, 2016
this country is messed up! undecided GEJ is to blame - APC grin It's not a laughing matter o...I dey verse undecided

14 Likes 1 Share

Re: Shell To Sack 10,000 Workers - Capital Post by Nobody: 8:30pm On Jan 20, 2016
Okay na!


See what Mercy Johnson did in this new movie for #20million @@ http://flashynews247..com.ng/2016/01/mercy-johnson-goes-nked-in-new-movie.html

1 Like

Re: Shell To Sack 10,000 Workers - Capital Post by SirLewis(m): 8:30pm On Jan 20, 2016
Some women are about to learn that money is not what makes a man husband material.

39 Likes 4 Shares

Re: Shell To Sack 10,000 Workers - Capital Post by weblogo: 8:30pm On Jan 20, 2016
gbam!

1 Like 1 Share

Re: Shell To Sack 10,000 Workers - Capital Post by babyfaceafrica: 8:31pm On Jan 20, 2016
Some miscreants will blame PMB

5 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by Nobody: 8:31pm On Jan 20, 2016
Oil is really down ......it pays to own your own business. Even the economy would find it difficult to sack you

15 Likes 1 Share

Re: Shell To Sack 10,000 Workers - Capital Post by Jediel1(m): 8:32pm On Jan 20, 2016
God help Nigeria

3 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by Nobody: 8:33pm On Jan 20, 2016
While some parents are praying for their children to work in shell . undecided

5 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by 93RD(m): 8:33pm On Jan 20, 2016
which means more jobless youth to pay 5k grin grin... But on a serious note i think its time the leadership of our great country Nigeria stop saying they will diversify the economy and really start diversifying the economy, in fact they should treat it like they are already behind schedule. With the amount of people already sacked and more to be sacked, i think the Government will have a hard time fixing the country or taking us to the promise land if they keep talking and not doing..
#saynoto5k grin grin #sayyestocreationofjobsinstead grin
Mr President we don't want more people nairanlanding and wailing as thier job like one LadyF said grin

4 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by BCJAY(f): 8:34pm On Jan 20, 2016
MAY GOD HELP THEM. THE WISE ONES WOULD HAVE INVESTED WHICH THEY WILL FALL BACK ON IF NOT YAWA GO GAS O

2 Likes

Re: Shell To Sack 10,000 Workers - Capital Post by Innodon(m): 8:34pm On Jan 20, 2016
Ok
Re: Shell To Sack 10,000 Workers - Capital Post by miqos02(m): 8:35pm On Jan 20, 2016
na Bihari cause am

1 Like

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