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Evening Standard
Evening Standard
Business
Simon Hunt

Shell cuts hundreds of contractors amid 'ruthless' shake-up by new CEO

Shell Wael Sawan Oil

Shell is cutting hundreds of contractors from its workforce amid a major efficiency drive by the oil giant's new CEO as he targets bigger shareholder returns.

Scores of contracts have either been cut short or are not being renewed. The bulk of the contractors who face the axe sit in the firm's IT wing, of which permanent staff represent a minority of the workforce in a number of teams.

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