Arab Today, arab today shell confirms 10000 job cuts amid steep profits fall
Last Updated : GMT 06:30:05
Arab Today, arab today
Arab Today, arab today

Shell confirms 10,000 job cuts amid steep profits fall

Arab Today, arab today

Arab Today, arab today Shell confirms 10,000 job cuts amid steep profits fall

Shell confirms 10,000 job cuts amid steep profits fall
Amsterdam - MENA

Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years, according to the BBC.

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 were $3.8bn, compared with $19bn in 2014.

The oil firm indicated it would report a massive drop in profits two weeks ago and said it would cut 10,000 jobs, partly thanks to its takeover of BG.

 

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