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Royal Dutch Shell to axe further 2,200 jobs

Like many energy companies, Shell has been hit by the huge slump in oil prices caused by a global supply glut

Energy giant Royal Dutch Shell on Wednesday said it was cutting at least another 2,200 jobs following its takeover of smaller rival BG Group and owing to low oil prices.

"Shell staff have today been informed about the progress being made on integrating BG into the company, and on further measures that are necessary to ensure Shell is competitive in a 'lower for longer' oil price environment," the Anglo-Dutch group said in a statement.