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From Times Staff and Wire Reports
Shell Oil to Trim Thousands of Jobs: Shell Oil Co. said it plans to cut its work force of about 31,000 employees by 10% to 15% over the next 12 to 16 months. Houston-based Shell, a unit of Royal Dutch/Shell Group, said it will first offer voluntary retirement to selected workers and then will lay off others to meet their goals. The company has been reviewing all its operations in an attempt to bolster flagging profits.
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