Yemisi Izuora/Agency Report
Royal Dutch Shell Monday said it planned to cut 2,800 jobs following its mega takeover of smaller rival BG Group.
“Shell currently expects an overall potential reduction of approximately 2,800 roles globally across the combined group, or approximately three percent of the total combined group workforce,” Shell said in a statement.
Meanwhile, Royal Dutch Shell said its planned £55bn merger with BG Group cleared its last international regulatory hurdle as it received unconditional merger clearance from the Chinese Ministry of Commerce.
The green light comes after similar approvals in Brazil, the EU and Australia.
“This is a strategic deal that will make Shell a more profitable and resilient company in a world where oil and gas prices could remain lower for some time.
We will now seek approval from both sets of shareholders as we move towards deal completion in early 2016,” said Shell CEO Ben van Beurden.