Businessman, Investor, Mentor & Philanthropist! I’m Matt Haycox!
All investments must add more value to my life than just money!
Follow me on my social media channels and get stalking!
I’m no stranger to the world of media (and its backlash!)
We host annual events to help raise funds for terminally ill children.
Meet my incredible team, the experts behind the scenes who’ve helped grow my empire.
I’m always on the lookout for more ambitious, hard working and talented people.
The news you need to read along with tips, strategies and advice.
Are you searching for business loans in UK? Look no further. I understand the value of capital injection.
Looking for expert guidance and actionable strategies? Skip the ‘business consultant.
If you follow me, you’ll know how much I value networking and growing my contact list.
Partnering with me gives you access to my knowledge, skills and contacts.
Gain access to strategies used by multi-millionaires and billionaires to grow their empires.
Are you seeking guidance from a seasoned business coach specialising in executive leadership.
I am open to purchasing opportunities, investments, funding opportunities and joint ventures.
Planning a business, marketing, or corporate event and aiming to leave a lasting impact.
Shell to Layoff up to 9000 People
Hit by plunging oil prices connected to the coronavirus, energy company Royal Dutch Shell is set to eliminate between 7,000 and 9,000 positions by the end of 2022., the company said on Wednesday.
With a barrel of Brent crude oil currently selling for about US$41, oil prices have recovered somewhat from the lows of below US$20 at the beginning of the year.
But prices are still well below the level that some producers would find profitable, and are below 2016 prices. With an apparant glut of oil on the market and purhases down due partially to people cutting travel to a bare minimum, it looks like oil will stay low for some time to come.
Meanwhile, some 1,500 members of staff have accepted voluntary redundancy this year.
With a global workforce of abut 80,000 people in some 70 countries, the cuts represent about 10 percent of Shell’s employees.
The company wants the plan to create annual savings of between US$2.0 billion and US$2.5 billion. The plan also aims to streamline the business in response to the fallout from the COVID-19 pandemic.
The savings will go a long way to help reach US$3.0-$4.0 billion efficiency drive the company announced in March and runs to 2021.
Shell alerted the market back in July that job cuts would be happening, after thh company posted a massive net loss of US$18.1-billion for the second quarter.
The Anglo-Dutch company also warned on Wednesday that third quarter earnings would be hit by post-tax impairment charges of between US$1.0-US$1.5 billion.
“This is an extremely tough process. It is very painful to know that you will end up saying goodbye to quite a few good people,” Chief Executive Ben van Beurden said in an interview on the company website.
“But we are doing this because we have to, because it is the right thing to do for the future of the company.
“We have to be a simpler, more streamlined, more competitive organization that is more nimble and able to respond to customers.”
The shake up in the industry is also hitting Shell’s main British rival BP, which is axing around 10,000 jobs or 15 percent of its total workforce in response to the virus turmoil.
Subscribe To Matt's Newsletter
The News You Need To Read Along With Tips, Strategies And Advice From An 8 Figure Business Owner. In Your Inbox Every Friday!
By submitting your details you agree to receive communications and agree to the privacy policy terms. You can opt out at anytime.
Share:
AUTHOR
Matt Haycox
Related Posts
Running a seasonal business can be challenging. From summer festivals to holiday pop-ups, seasonal businesses thrive on timing and the ability to make the most
Having a strong company culture is more important than ever. In our busy work lives, we want to feel like we’re part of something bigger
Investing in a business can be one of the most exciting yet daunting ventures you’ll embark on. Whether you’re eyeing up a new start-up, considering
Navigating the business world can be both thrilling and challenging. It offers exciting opportunities, but it can also come with its share of stress. As