Type
Merger/Acquisition
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Mining / Quarrying
Mining And Quarrying
Extraction Of Crude Petroleum And Natural Gas
06 - Extraction of crude petroleum and natural gas

200 jobs
Number of planned job losses
Job loss
Announcement Date
29 October 2004
Employment effect (start)
Foreseen end date

Description

The two separately quoted arms of the oil company, Royal Dutch and Shell Transport & Trading, are to merge to form a single company that will have its headquarters in the Netherlands but have its primary listing in London. Shell declined to put a cost of the merger but said it would affect around 200 jobs in Britain.


Sources

  • 29 October 2004: The Guardian

Citation

Eurofound (2004), Royal Dutch Shell, Merger/Acquisition in United Kingdom, factsheet number 60712, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60712.