By Rakteem Katakey

(Bloomberg) — Royal Dutch Shell Plc stated it could lower about 2,800 jobs to fulfill a pledge of lowering working prices by $3.5 billion following its takeover of BG Group Plc.

That equates to three % of Shell and BG’s mixed workforce as The Hague-based firm consolidates places of work and its administration construction as soon as the acquisition is accomplished, it stated in a press release on Monday. The two firms each have places of work in quite a few nations, together with the U.Ok., Australia and Brazil.

Oil’s hunch has prompted some buyers to query if Shell is paying an excessive amount of for BG, although the acquisition will make the mixed firm the world’s greatest liquefied pure fuel participant and provides it oil and fuel belongings from Australia to Kazakhstan and Brazil. To persuade shareholders to approve the deal, Shell has promised price financial savings.

“Shell expects the restructuring will be required to achieve the expected benefits of the recommended combination, including previously disclosed and reported-on pretax synergies of $3.5 billion,” the corporate stated.

BG had 5,143 workers and Shell 94,000 on the finish of 2014, in keeping with knowledge compiled by Bloomberg. Shell has already introduced 7,500 cuts in worker and contractor jobs this 12 months.

©2015 Bloomberg News

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