Oil company tells staff they face ‘involuntary severance’ as it moves roles offshore to India and Malaysia

Shell is to shift nearly 400 jobs overseas as it looks to shore up its finances against persistently low oil prices by hiring cheaper workers in the developing world.

The Anglo-Dutch company told 380 staff at its finance operations in Glasgow that the office would be closed and they were facing “involuntary severance”.

Related: Shell and BP beat forecasts as energy giants cut spending

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