Shell is set to reduce its low carbon division workforce by approximately 15% and scale back its hydrogen business, as reported by the company to Reuters on Wednesday.
Around 200 jobs are scheduled to be cut, with an additional 130 positions under review, all aimed at simplifying and reducing the headcount within the unit, according to a Shell spokesperson.
These workforce reductions are planned to be executed by 2024.
The company said: “We are transforming our Low Carbon Solutions (LCS) business to strengthen its delivery on our core low carbon business areas such as transport and industry.”
In a statement, the energy giant said: “In line with these principles, we are simplifying the business structure and reducing the headcount in our LCS business, with some roles being integrated into other parts of Shell.
“We remain committed to investing in viable low carbon business models and focusing on our strengths as we play our part in the decarbonisation of the global energy system. This will include ensuring ongoing reliable delivery of energy and decarbonisation products, services, and solutions to our customers.”
Energy Live News has approached Shell for comment.
