Royal Dutch Shell said on Thursday that it’s cutting 6,500 jobs this year and slashing capital investment by $7 billion, as the group prepares for a “prolonged downturn” in the oil industry.
The Anglo-Dutch group plans to trim operating costs by $4 billion this year, before making further cuts in 2016.
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View Full ArticleMani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports
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