The restructuring move leaked out in Lagos where local officials from Shell Petroleum Development Company have been working on a staff audit aimed at cutting costs.
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Shell's Nigeria Exit»
Company announces major cuts at its Nigeria operations...
Shell is planning to cut 1,000 jobs in Nigeria, one of the countries at the centre of the company's "lost" reserves scandal.
The planned 20% cut in the Nigerian workforce was revealed as the oil major struggles to reach a peace formula with the government there over allegations it has unfairly exploited tax loopholes.
The restructuring move leaked out in Lagos where local officials from Shell Petroleum Development Company have been working on a staff audit aimed at cutting costs.
Shell head office in London insisted no final decisions had been taken on the scale of reductions and argued it was all part of normal business practices. "SPDC is undertaking studies to look at the most cost-effective way of operating. These studies are yet to be completed so it is premature to speculate on details," said a spokeswoman.
The restructuring move leaked out in Lagos where local officials from Shell Petroleum Development Company have been working on a staff audit aimed at cutting costs.
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