Shell to Cut Finance and IT Jobs |
04 Jan 2008 |
Royal Dutch Shell is to shed thousands of jobs to cut costs and simplify its structure, and one of the largest-ever outsourcing deals may be struck in the next couple of months, the Daily Telegraph reported late Saturday, citing information published on an anti-Shell Web site. The biggest change will be in the information technology division, where around 3,600 staff may be affected by a plan to farm out operations to Electronic Data Systems Corp. and Deutsche Telekom AG (DT) unit T-Systems.
At a board meeting thought to have taken place shortly before Christmas, Shell decided to outsource virtually the whole of its IT function. Starting Jan. 8, Shell is planning a series of what it calls Facing Change meetings with staff to outline further details, which will include plans to reorganize other departments, including finance operations.
Dow Jones Newswires, citing a person familiar with the matter, reported on Dec. 24 that Chief Financial Officer Peter Voser told staff he wants "a leaner and meaner" finance function and has started to tighten control of business lines by his department. Shell confirmed then that it was "in discussions to outsource a substantial part of its (information technology) infrastructure to three suppliers," without naming them. |
|
 |
|