Shell Oil Gas Price

From NOLA.com:

Layoffs are starting to hit New Orleans as Royal Dutch Shell moves forward with plans to eliminate 6,500 jobs worldwide. The cuts come as Shell seeks to cut costs amid lower oil and gas prices.

Shell spokeswoman Kimberly Windon confirmed in an email the company has started to cut jobs at its New Orleans and Houston offices, though it is not providing a “specific breakdown of workforce numbers.”

About 2,300 Shell employees and contractors are at One Shell Square on Poydras Street, and the majority support Shell’s drilling and exploration operations in the deepwater Gulf of Mexico. Windon said the deepwater segment “continues to be an important part of the Shell global portfolio.”

“Royal Dutch Shell moves forward with plans to eliminate 6,500 jobs worldwide”

“We had to make some difficult decisions in an effort to reduce costs while seeking opportunities to improve efficiencies and ensure long-term competitiveness and profitability,” Windon said.

According to sources at One Shell Square, employees and contractors in New Orleans were told earlier this month that Shell plans a 30 percent cut to its local workforce by November. The sources asked not to be named out of concern for their jobs.

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