Slump in of oil price has accelerated the need for restructuring, which will include increased hours for workers, says Anglo-Dutch group

Shell will cut at least 250 jobs this year and increase workers’ hours at its North Sea operations following the sharp drop in the price of oil.

The cuts to staff and agency contractors represent more than 10% of Shell’s workforce of 2,400 in the North Sea. They are in addition to the 250 announced in August, before the oil price started to plunge.

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