Shell Closes Finance Facility in Scotland; 380 Workers Made Redundant
Royal Dutch Shell Plc will close its finance operations office in Glasgow, Scotland, resulting in 380 workers being “made redundant,” spokesperson Natasha Obank confirmed to Rigzone.
Shell employees were informed today about the proposed changes following a review of the company’s global finance operations network.
Shell provided the following statement this morning (UK time):
“For Shell to remain competitive, difficult choices continue to have to be made to improve efficiency and value for money across all of our businesses and functions.
Subject to employee consultation, we are proposing to close the Shell finance operations office in Glasgow and over the next 15 months, move its activities to our other locations in our global Shell business operations network. This will result in a small overall reduction in the number of jobs in Shell’s global finance operations. Employees currently based in the Glasgow office will likely face involuntary severance.”
The company went on to say the decision was driven by increasing pressures on the business to reduce costs and generate cash. In addition, the other centers have the ability to handle the activities that are currently performed in Glasgow, but at a significantly lower cost.
Shell said it’s committed to ensuring ongoing regular employee engagement and support during the transition period.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Shell Says Fire Extinguished At Singapore Refinery-Petchem Plant (Dec 11)
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
- Pressured For Profit, Oil Majors Bet Big On Shale Technology (Nov 28)