Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The oil and gas extraction company, Shell Netherlands, has informed the unions and works council that it intends to cut an estimated 400 hundred jobs between the last quarter of 2017 and the second quarter of 2018. The job reductions are due to a shift in focus from large-scale extraction of oil and gas to the processing and trading of oil and gas in response to persistently low oil prices.
The job cuts will mainly affect researchers and office staff of the research department 'Projects & Technology', which is located in Rijswijk and Amsterdam. Some research roles are announced to be moved to Bangalore, India. Negotiations with the trade unions are still underway, which means the precise number of job reductions is yet uncertain. Some redundant staff may be able to move to different positions in the company.
The announced redundancies follow the loss of several hundred jobs in the Netherlands in 2016, which were part of the worldwide restructuring effort cutting 10,000 jobs. Shell Netherlands is part of the Royal Dutch Shell Group, which has a presence in over 70 countries and employs some 92,000 persons worldwide.
Eurofound (2017), Shell, Internal restructuring in Netherlands, factsheet number 91692, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91692.