Shell (SHEL.L) will cut around 15% of its low-carbon division workforce and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, the company told Reuters on Wednesday.
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James//File Photowill cut around 15% of its low-carbon division workforce and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, the company told Reuters on Wednesday.
Shell will cut 200 jobs and has placed another 130 positions under review as part of a drive to simplify and reduce the headcount in the unit, a spokesperson said.Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector's turmoil during the COVID-19 pandemic and following Russia's invasion of Ukraine. He has been named Reporter of the Year in 2014 and 2021 by Reuters.
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