Article: Here’s why oil giant Shell is slashing thousands of jobs

Company sees a ‘prolonged downturn’ in the oil industry. There was no sugar coating on Shell’s earnings report Thursday: “Today’s oil price downturn could last for several years,” the company said. In reporting a 25% decline in net income in the second quarter, the company said it would be combat…

http://fortune.com/2015/07/30/shell-job-cuts/

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