Shell to cut 2,800 jobs after BG deal

Royal Dutch Shell will cut 2,800 jobs once its plans to takeover BG Group are completed. That’s around 3% of the total combined group workforce, the firm stated. The job […]

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By Jacqueline Echevarria

Royal Dutch Shell will cut 2,800 jobs once its plans to takeover BG Group are completed.

That’s around 3% of the total combined group workforce, the firm stated.

The job reduction is in addition to the 7,500 cuts the firm proposed earlier this year.

The company made the announcement after China’s competition authority gave the green light to the buy out which is worth £47 billion.

Shell was previously granted approval by Brazil, EU, the US and Australia.

In a statement the oil giant said: “Shell expects the restructuring will be required to achieve the expected benefits of the recommended combination, including previously disclosed and reported on pre-tax synergies of $3.5 billion (£2.27bn).

“Shell’s expectation is that BG’s business would be integrated into Shell’s businesses. As part of that, Shell proposes that office consolidation will be undertaken where practical in certain locations around the world. With regards to office footprint rationalisation in the UK, Shell will, following deal completion, undertake a comprehensive review during the course of 2016.”