Shell to Cut About 20% of Jobs in Deals Team Amid Push for Cost Savings
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Shell Plc will eliminate at least 20% of jobs in its deals team as the company continues to restructure its business units in an effort to reduce costs, according to people with knowledge of the matter.
Staff in the division, which has several hundred employees handling mergers and acquisitions for Shell, were told that there would be a significant reduction in headcount, with further details to be communicated in April, the people said, asking not to be named because the information isn’t public. The team is the latest to be affected by job cuts, following similar moves across business units such as low-carbon solutions, chemicals and IT.