Oil giant Royal Dutch Shell has told shareholders the $US53 billion takeover of BG Group will act as a “springboard to change and reshape” the group, and outlined plans for job and spending cuts, as well as $US30 billion of asset sales that look certain to affect the business in Australia.
…Some 2800 jobs will be cut from the combined group, or about 3 per cent of the workforce, on top of the 7500 global employee and contractor jobs being reduced at Shell alone this year.
Industry sources suggest the takeover will result in job losses at office functions for the two operations in Brisbane and from some duplicated roles, although no details have been given on any planned cuts in individual locations.
From the AFR:
I imagine most of the development jobs at APLNG are already gone.
