Shell Singapore to cut 500 jobs over three years
Anglo-Dutch energy and petrochemicals major Shell will reduce its workforce in Singapore by about 38%, shedding 500 jobs over a three-year period to 2023, as crude processing at the site will be reduced by about half.
「We will go from the current 1,300 staff to about 1,100 at the end of 2021 and by the end of 2023, we will be at about 800,」 a Shell spokesperson said.
「The transition will happen over the next three years and the earliest staff movement related to the reorganisation will only be in Q4 2021,」 the spokesperson said.
The Pulau Bukom manufacturing site in Singapore will be among the six that Shell intends to operate as energy and chemical parks under its global restructuring plan.
Pulau Bukom houses Shell's largest wholly-owned refinery with a crude distillation capacity of 500,000 bbl/day. It is an integrated oil and petrochemicals site with manufacturing facilities for fuels, lubricant base oils and specialty chemicals.
「Bukom will pivot from a crude-oil, fuels-based product slate towards new, low-carbon value chains. We will reduce our crude processing capacity by about half and aim to deliver a significant reduction in CO2 [carbon dioxide] emissions,」 Shell said.