The expected sale, worth an estimated $700m, is part of a drive by Shell to spin off a total of $30bn worth of assets to cut debt. Shell Gabon's 400 staff started striking last week and threatened Monday to toughen their stance.
The ONEP union said that Shell's withdrawal from Gabon was detrimental to staff and they should be paid damages.
The 400 staff are expected to be retained by the company's new owners. The ongoing strike has already led to production cuts of 30-50%, the union said.
"The Shell Gabon company has already lost more than 90,000 barrels, which translates into a financial loss of $4.5m," ONEP said.
Source: AFP
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
