Royal Dutch Shell is reportedly planning to cut 2,200 more jobs from its global workforce by the end of this year, citing a plunge in oil prices.

Shell vice president for the UK and Ireland Paul Goodfellow said that the company’s latest decision comes as oil prices are staying lower for longer, following the company’s acquisition of BG Group earlier this year in a $70bn transaction.

Goodfellow said: "We have to take further difficult decisions to ensure Shell remains competitive through the current, prolonged downturn."

"We have to take further difficult decisions to ensure Shell remains competitive through the current, prolonged downturn."

At the end of 2015, Shell and BG together had a workforce of 94,600 people.

Shell will initially cut the jobs of 475 employees at its headquarters in Aberdeen, Scotland.

The company’s decision will also affect some offshore jobs and its plant at Mossmorran in Fife.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The lay-offs will take the total number of jobs lost from Shell from the beginning of 2015 to the end of 2016 to at least 12,500.

A total of 750 jobs have been cut from the company’s North Sea business, two thirds of which were UK-based.

In April, Shell announced plans to close the UK offices of BG Group by the end of this year as part of its voluntary redundancy programme.