SummaryCompanies Shell to cut 200 jobs, or 15%, of low-carbon solutions unitA further 130 jobs under reviewShell scraps hydrogen light mobility unitLONDON, Oct 25 (Reuters) - Shell (SHEL.L) will cut around 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, it said on Wednesday.
Shell plans to sharply scale back its hydrogen light mobility operations, which develop technologies for light passenger vehicles, the company said.
It will also merge two of four general manager roles in the hydrogen business, Shell said.
The retreat from the light mobility sector follows the departure of the business's manager Oliver Bishop several months ago.
Bishop today leads rival BP's (BP.L) global hydrogen mobility business.
Persons:
Wael Sawan's, Sawan, Shell, Oliver Bishop, BP's, London . Sawan, Ron Bousso, Jason Neely, Jan Harvey
Organizations:
Shell, Reuters, Solutions, Sawan, Energy Intelligence, BP, Exxon Mobil, Chevron, Thomson
Locations:
Shell, Britain, Netherlands, Europe's, Louisiana, London ., U.S