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Shell to cut 6,500 jobs to manage oil price downturn

LONDON, UK: Royal Dutch Shell said it will cut 6,500 jobs in 2015, as it faces an oil price downturn, which could last for several years. To be resilient in a world where oil prices remain low for some time, we are taking a prudent approach, pulling on powerful financial levers to manage through this downturn, mentioned Shell’s chief executive officer. “Shell’s integrated business and our performance drive are helping to mitigate the impact of low oil prices on our bottom lin ...

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