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.
Oil Company Shell has announced plans to cut its workforce by 250 after a sharp fall in the price of oil.
Contractors and employees will be cut, though it is not reported the balance of the cuts between the two groups of workers. The cuts constitute more than 10% of the total 2,400 Shell North Sea workforce. This restructuring is part of the global 10,000 job cuts announced earlier during the year. In addition to the cuts, Shell have announced that remaining workers will have their working hours increased so that workers will be half on, half off over the course of a year.
The company has said that the cuts are partly attributable to the fall in oil prices. The GMB union has criticised Shell for using the price fluctuation in the oil market to undermine the pay and conditions of its staff.
Eurofound (2015), Shell, Internal restructuring in United Kingdom, factsheet number 79198, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79198.
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