Shell PLC (LSE:SHEL, NYSE:SHEL) has reportedly made further job cuts outside of previously announced reductions in its low-carbon division.
Staff have been offered redundancy packages or opportunities to apply for other jobs within the company, according to a Bloomberg-cited source.
“While no formal targets exist, we will continuously look to right-size the activities that deliver the most value,” a Shell spokesperson said.
Shell announced some 15% of the staff in its low-carbon division would be let go in October as part of a bid to cut costs.
The oil giant’s hydrogen business also faced a scale back as part of the efficiency drive, which is part of efforts by new chief executive Wael Sawan to increase Shell’s profitability.
Under this, Sawan has appeared to U-turn on climate-centred plans in favour of more profitable oil and gas.