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Shell to lay off 6500 jobs amid price slump
Royal Dutch Shell has announced plans to lay off 6,500 jobs this year due to global decline in oil prices.
While announcing a 35% decrease in its profit, a statement from the company says it is intending to slash operating costs for 2015 by 10%. The London-listed oil firm said it may force to cut more jobs next year warning that lower oil prices could continue for several years.
“We’re taking...