Thread regarding Shell Oil layoffs

Future of work in the industry

New study about the future of work in O&G gives an interesting projection on how the oil prices reflect on employment in industry. I’m optimistic, but they project that even in a business-as-usual scenario, more than half of jobs lost may not return by the end of the next year if oil stays below $45 per barrel.

In case someone’s interested, here is the study: https://www2.deloitte.com/us/en/insights/industry/oil-and-gas/future-of-work-oil-and-gas-chemicals.html?id=us:2el:3pr:4di6870:5awa:6di:100520:&pkid=1007280

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| 2061 views | | 1 reply (October 13, 2020) | Reply
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Even if the jobs came back the majority will be overseas away from the Americas/UK/Europe. Shell will staff positions in lower cost countries. ie India & Philippines - bottom line profits. They will keep the Letter grades primarily in "hub" locations with huge % of number grades in lower cost countries unless you are physically near a well or platform or chum chum with Snr Mgmt. If COVID is any testimony the majority of jobs can be done virtually advancing the "digitalisation" agenda so jobs will most likely be overseas.

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