Shell to Cut Jobs Under New Structure

Royal Dutch Shell (RDS.A Quote) said Wednesday it plans to make a series of management changes that will reduce corporate overhead and costs and improve the company's performance on delivering new projects.

"Thousands of staff will be impacted," said spokesman Shaun Wiggins, referring to both job cuts and employees being asked to change location, reports the Associated Press.

He said it was impossible to say how many of Shell's 102,000 jobs would be lost but said the 2,000 employees at Shell's headquarters in The Hague would be strongly affected, the AP reports. The Wall Street Journal reports 24,000 staff will be affected. ...