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| Shell-shocked as oil giant rocks Lowestoft |
| Written by Business Weekly | |
| Friday, 04 April 2003 | |
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Just a month after the Government predicted a jobs boom on the back of gas field expansion off the East Anglia coast, oil giant Shell has announced that it is slashing 200 jobs in Lowestoft.
Just a month after the Government predicted a jobs boom on the back of gas field expansion off the East Anglia coast, oil giant Shell has announced that it is slashing 200 jobs in Lowestoft. A further 100 positions are going elsewhere in the UK, says the company. Shell’s decision to create a new regional centre in Europe means the closure of its Lowestoft operation after 37 years in the Suffolk town: it is one of the town’s largest employers. The company will continue to run 27 platforms off the East Anglia coast, employing 300, and maintain the gas terminal at Bacton in Norfolk. When Shell and Esso received government approval in February to explore a new gas field locally, Energy Minister Brian Wilson speculated that the project would bring new employment opportunities. |
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