Shell announces 2800 further job cuts

Royal Dutch Shell has put out an update on its takeover plans for BG Group. Critics have said the sharp fall in the oil price means the deal, as it stands, may no longer make financial sense.

In what seems like an attempt to reassure investors, Shell says 2,800 roles will go across the combined group – equivalent to 3% of the total workforce. This is on top of the 7,500 positions Shell already announced it would cut.

“The deal remains on track for completion in early 2016,” it adds in the statement.

Read full text of the statement