Royal Dutch Shell to cut 10,000 jobs

  • Royal Dutch Shell, which witnessed its steepest fall in annual profits for 13 years, has said that it would slash 10,000 jobs. Media reports quoted the company as saying that it has made $1.8bn for the fourth quarter of the year. This is in comparison to the $4.2bn profit the company made for the same period the year before. The full-year earning were $3.8bn in 2015 in comparison to $19bn in the year 2014.