Shell confirms 10,000 job cuts amid steep profits fall
Shell confirms 10,000 job cuts amid steep profits fall
Amsterdam - MENA
Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years, according to the BBC.
It made $1.8bn (£1.23bn) for the fourth quarter of the year, compared with a $4.2bn profit for the same period the year before.
Full-year 2015 earnings were $3.8bn, compared with $19bn in 2014.
The oil firm indicated it would report a massive drop in profits two weeks ago and said it would cut 10,000 jobs, partly thanks to its takeover of BG.
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