Shell Strikes Massive IT Outsourcing DealBy Lawrence Walsh | Posted 2008-01-03 Email Print
As crude flirts with the $100 per barrel market, the world's second largest oil company, Shell, will replace more than 3,000 IT professionals with managed services to reduce operating costs and ease downward profit pressure.More than 3,000 Royal Dutch Shell IT workers are waiting to find out their fates as the European oil giant is expected to announce next week that it will outsource much of its IT operations.
According to published reports, Shell executives decided to slash thousands of IT positions in favor of outsourcing as part of a massive restructuring designed to reduce operating costs by $850 million annually.
Shell did not return calls for comment. However, published reports in European and energy trade press indicated that Shell would begin notifying affected employees of the outsourcing beginning Jan. 8.
Read the full story on Baseline: Shell Strikes Massive IT Outsourcing Deal