Do More With Reuters
Partner Services

Shell to cut 350-450 senior managers in overhaul - web site

Sat May 30, 2009 7:19pm IST
 
Email | Print | | Single Page
[-] Text [+]

LONDON, May 30 (Reuters) - Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) plans to cut 350-450 senior management roles as it restructures to cut costs and improve operational performance, according to a website to which Shell employees post internal information.

The cuts represent almost 30 percent of Shell's "Senior Executive Group" layer of management, John Donovan, the operator of the Royaldutchshellplc.com website said. Earlier this week Shell announced a major restructuring but gave no targets for job or cost cuts. [ID:nLR946279]

The Royaldutchshellplc.com website was the first to reveal news of the planned restructuring.

Shell declined to comment. (Reporting by Tom Bergin, editing by Mike Peacock)

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

Hoardings alongside Nakheel's Waterfront construction site at Jebel Ali in Dubai November 26, 2009.  REUTERS/Steve Crisp
Dubai Debt Fears

Dubai struggled to ease fears of debt default after its move to delay repayments at two flagship firms shook confidence in the Middle East.  Full Article 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article