Open

Coming up

Don't miss

Replay


LATEST SHOWS

THE WORLD THIS WEEK

The World This Week - July 25th, 2014

Read more

AFRICA NEWS

Search of Air Algerie crash site continues

Read more

MEDIAWATCH

Sarkozy, Hollande and the scooter wars

Read more

MEDIAWATCH

Confusion online over Air Algérie flight

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

Read more

REPORTERS

Halal tourism on the rise

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

FRANCE IN FOCUS

WWI Centenary: the battle for Verdun

Read more

THE BUSINESS INTERVIEW

When big companies want to do good

Read more

  • Gaza conflict rages on despite pledges of truce

    Read more

  • France calls on its nationals to leave Libya as violence escalates

    Read more

  • Video: Slaviansk mourns mass grave victims

    Read more

  • Nibali joins elite group with Tour de France win

    Read more

  • Boko Haram kidnap Cameroon minister's wife in deadly attack

    Read more

  • Muslims prepare for Eid al-Fitr festival

    Read more

  • ‘Irresponsible’ American dad tries to scale Mont Blanc with children

    Read more

  • Ukraine fighting prevents observers from accessing MH17 crash site

    Read more

  • In pictures: Crowds flock to enjoy the Tour de France show

    Read more

  • Netanyahu says Hamas 'violating its own ceasefire'

    Read more

  • Video: At the scene of the Air Algérie crash in Mali

    Read more

  • Costa Concordia arrives in port of Genoa to be scrapped

    Read more

  • In pictures: Youths clash with police at banned Gaza protest

    Read more

  • Russia lashes out at new EU sanctions over Ukraine

    Read more

  • Bodies of all Air Algérie crash victims to be brought to France

    Read more

  • Syrian army and ISIS both claim advances

    Read more

  • Briton kidnapped in Yemen freed after five months

    Read more

  • New round of Gaza ceasefire talks takes place in Paris

    Read more

Business

Oil giant Shell unveils drastic company overhaul

Latest update : 2009-05-27

UK energy group Royal Dutch Shell has unveiled a major overhaul of the company's structure to reduce corporate overheads and costs. Shell said the reorganisation would affect around 24,000 staff, but declined to comment on potential job losses.

AFP - British energy group Royal Dutch Shell on Wednesday unveiled a drastic overhaul of the company's structure but gave no details on potential job losses.

 

The group said in a statement it would merge its exploration and production, gas and power, and oil sands units into two new divisions.

 

The overhaul comes as incoming chief executive Peter Voser seeks to register an impact on the company. Voser takes over from current boss Jeroen van der Veer on July 1, when the changes will also be implemented.

 

"This new structure will increase accountability in the company, and improve Shell's performance on delivering new projects and developing new technologies," Voser said in the statement.

 

"These changes will increase our focus, accelerate our plans to reduce complexity, corporate overheads and costs, and result in faster decision-making and delivery," he added.

 

Shell's global head of exploration and production, Malcolm Brinded, will lead the larger of the new divisions, Upstream International.

 

Marvin Odum, Shell's Executive Vice President for Exploration and Production Americas, will become director of Upstream Americas.

 

The reorganization will affect around 24,000 Shell staff, but a company spokesman declined to comment on how many jobs may be cut.

 

In April, Shell revealed that first-quarter net profit plunged 62 percent to 3.488 billion dollars (2.645 billion euros) as oil prices slumped in a worldwide economic downturn.

 

Date created : 2009-05-27

COMMENT(S)