SHELL to lay off 250 North Sea workers to remedy falling oil prices
SHELL will cut at least 250 jobs from its North Sea operations this year to counter falling oil prices.
The reduction in staff and agency contractors is more than 10 per cent of the oil giant’s 2,400 workforce in the North Sea.
Earlier this year, it announced it was cutting global investment by $15billion over three years in response to tumbling crude prices.
Shell’s upstream UK and Ireland vicepresident Paul Goodfellow said: “The North Sea is a challenging operating environment. The industry must tackle costs and improve profitability if the North Sea is to continue to attract investment.”
