Shell to close Glasgow finance operation

Shell's finance operation will close in the city by the first three months of 2018, as the firm looks to cut costs in the face of a 50% drop in Brent crude prices from their peak in June 2014.

Published 16th Nov 2016

Around 380 jobs are at risk after Royal Dutch Shell said it would shut its Glasgow operation in response to the low oil price.

Shell's finance operation will close in the city by the first three months of 2018, as the firm looks to cut costs in the face of a 50% drop in Brent crude prices from their peak in June 2014.

Shell, which employs 12,000 people globally, said it would relocate some positions to its other international centres but the number had not been decided.