http://www.khou.com/story/money/business/2016/02/04/shell-ceo-confirms-10k-layoffs-due-to-merger-with-bg/79804878/
"The completion of the BG transaction, which we are expecting in a
matter of weeks, marks the start of a new chapter in Shell, rejuvenating
the company, and improving shareholder returns," CEO Ben Van Beurden
stated in a press release. "As we have previously indicated, this will
include a reduction of some 10,000 staff and direct contractor positions
in 2015-16 across both companies."
The announcement comes after the company reported a 44 percent drop in Q4 earnings.
It's
not clear which areas will be affected by the layoffs. Royal Dutch
Shell is incorporated in the U.K. and has its headquarters in the
Netherlands.
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