Shell foresees cutting 6,500 jobs due to the oil price decline – publico

                 

                         
                     

                 

 
                         

The oil giant Royal Dutch Shell announced on Thursday a reduction of 6,500 jobs this year due to falling oil prices.

                     

                         “The slowdown in oil prices can last several years and Shell’s plans to forecasts reflect the current reality of the market,” the company said in a statement, adding that he expects “around 6,500 staff reductions” in 2015.

Earlier this year, Shell revealed its intention to buy British rival BG Group for 67 billion euros.

Also Thursday, Centrica, Britain’s largest domestic distributor energy, announced it will cut 4,000 jobs as part of a cost cutting program by 2020.

Oil prices fell half its value to about $ 50 per barrel since June last year due to oversupply.