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Shell To Lay Off 2,800 Following BG Deal

The latest round of layoffs would amount to 3 percent of those companies' combined workforce.

(Image credit: Wall Street Journal)
(Image credit: Wall Street Journal)

Royal Dutch Shell plans to cut an additional 2,800 jobs following its acquisition of British rival BG Group next year.

Shell in April announced an agreement to buy BG for more than $70 billion in one of the largest oil and gas deals in history.

The company previously announced 7,500 layoffs as ongoing low crude prices hammered the energy industry. Those lower prices, however, also enabled larger oil and gas companies to seek out proven assets.

BG's assets would increase Shell's oil and gas reserves by 25 percent and add expertise in the growing field of liquefied natural gas.


The latest round of layoffs would amount to 3 percent of those companies' combined workforce.

Shell also said that the deal remains on track to be completed in early 2016; the merger has been cleared by most regulators, including the U.S., E.U., Australia, Brazil and, most recently, China.