12,000 jobs cut by Shell and Centrica
British Gas owner Centrica wants 6,000 jobs to go, mainly in the UK, while Shell is to cut 6,500 staff and contractors worldwide More than 12,000 jobs are being axed by two of Britain’s leading energy companies on the back of lower oil prices and major internal restructuring. Shell is to cut 6,500 staff and contractors worldwide while Centrica, the owner of British Gas, wants 6,000 jobs to go, mainly in the UK. The cutbacks at Centrica – one of the big six domestic gas and electricity suppliers – is likely to cause a political storm as the British Gas arm doubled its profits to £528m. The price of oil has halved over the last 12 months has forced oil and gas companies onto the defensive and spending to be slashed. But Centrica has come under a new management which promised radical change. Shell saw its second quarter profits slump by 35% to £3.36bn while Centrica’s first half adjusted operating profits profits were down by only 3% to £1bn. Centrica, under its new bos...