(MENAFN) Royal Dutch Shell suffered a decline of profit and revenue in the second quarter of 2015 and scheduled a total cut of 6,500 jobs, the Anglo-Dutch oil and gas giant stated.
The job cuts are part of a cost-cutting plan by the Dutch company to counter the trending plunge of oil prices. The operating cost reduction in 2015 totals USD4 billion.
Shell, which currently employs around 94,000 people in more than 70 countries and regions, emphasized that the cuts are the total in 2015, comprising the sum of all new or already announced cuts.
"We have to be resilient in a world where oil prices remain low for some time, whilst keeping an eye on recovery," Shell's CEO said during the presentation of the figures.
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