30 July 2015
Oil giant Royal Dutch Shell has announced it is to shed 6,500 jobs as part of cost cutting plans.
Shell said it is to help “mitigate the impact” on profits amidst a drop in oil prices.
Its “prudent approach” included a reduction in operating costs of $4bn and reduced oil exploration operations.
The company announced profits of $3.4bn in the three months to 30 June, whilst this is a 35% decrease compared with last year, there has to be some responsibility taken on the shoulders of the company. After all the 6500 staff contributed to the profits of the recent years and surely the company can find other ways to generate income whilst they wait for oil prices to rise?
The profits Shell are making are huge and there is enough headroom to carry the team they recruited. This is poor management and they punish the wrong people for their own poor judgement.
Shell chief executive Ben van Beurden said: “We have to be resilient in a world where oil prices remain low for some time, whilst keeping an eye on recovery.
No mention of the pain and distress this will cause the thousands of people who’s families will suffer as a direct result. CEO’s should have compassion when leading businesses.
Sadly this will have a massive impact on so many other industries, but for the rest of the world who seem to be expanding, there are more and more jobs being created every day in the tech industry.
My advice is find a business who understands the importance of longterm investment in people. If you are leaving Shell, we are recruiting. Come and see us.
Meanwhile, next time you see a Shell petrol station, maybe you should drive past and look for another.
Its worth pointing out with a further 6000 jobs today being cut from British Gas, that these huge energy companies that are now owned by global organisations have little regard for the UK people and even less for the UK economy.