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Shell to cut 9,000 jobs, over 10% of its workforce

The Royal Dutch Shell will cut 9,000 jobs, or more than 10% of its workforce as part of a global overhaul to cut costs and shift away from oil and gas to renewables and power. As part of management changes in the company, it also announced changes in its senior UK leadership.

Under the changes, which have been announced internally, country chair Sinead Lynch will become Shell’s global head of low-carbon fuels, a company spokeswoman said.

Lynch, who joined the Anglo-Dutch company in 2016, following its acquisition of BG Group, will be replaced by David Bunch who currently runs Shell’s retail business across Europe and South Africa. Bunch joined Shell in 1997.

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Source: SweetCrudeReports

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