China Financial Daily

Royal Dutch Shell layoffs: Royal Dutch Shell profits fall and plans to lay off 5,000 employees
According to foreign media reports on Oct.29, Royal Dutch Shell said the company was carrying out the layoff plan and would lay off 5,000 staff to cope with the difficult economic environment.

Royal Dutch Shell pointed out that the global economic recovery would be slow and weak, and so they encounter operational challenges. The company announced earlier today, the performance report showed that based on the current cost of supply , the company’s third-quarter net profit fell 73 percent year on year to 29.9 billion U.S. dollars.

Royal Dutch Shell CEO Peter (Peter Voser) said: “We found that there are indications that the energy demand and prices have improved, but prospects remain uncertain, economy will not rebound quickly.”

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