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In a bid to reduce its operating cost by $3.5 billion , Royal Dutch Shell Plc plans to cut about 2,800 jobs. The firm in a statement explained that the job cut equates 3 percent of Shell and BG’s combined workforce as the Hague-based company consolidates offices and its administration structure once the acquisition is completed. READ ALSO: Nigeria Loses Status As Africa’s Top Oil Producer The latest acquisition makes the combined company the world’s biggest liquefied natural gas player and give it oil and gas assets from Australia to Kazakhstan and Brazil. Due to oil slump, some investors had questioned if Shell would pay too much for BG. But to convince shareholders to approve the deal, Shell promised to cut costs. READ ALSO: Ex-President Jonathan Linked To $1.1Bn Fraud, His Code Name Revealed ”Shell expects the restructuring will be required to achieve the expected benefits of the recommended combination, including previously disclosed and reported-on pretax synergies of $3.5 billion,” the company said. According to data complied by Bloomberg, BG had 5,143 employees and Shell 94,000 at the end of 2014 while Shell has already announced 7,500 cuts in employee and contractor jobs this year.

coolzeal:
Greedy men have graduated from missing millions in Naira to missing billions in dollars. Nigeria is a failed state and DISINTEGRATION is the only way out of this madness.

hmm