Shell Plans Job Cuts in Offshore Wind Business in Green Retrench

Shell Plc is preparing to cut staff from its offshore wind business as Chief Executive Officer Wael Sawan moves the company away from the capital-intensive renewable energy sector.

The British oil major is set to begin the layoffs within months, mainly in Europe, according to people familiar with the matter who requested not to be identified because the information is private.

“We are concentrating on select markets and segments to deliver the most value for our investors and customers,” a Shell spokesperson said. “Shell is looking how it can continue to compete for offshore wind projects in priority markets while ...