re: Shell's renewables boss to leave after CEO strategy shift

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That's kind of a simpleton view. The profit boom that these refiners, etc experienced during the back end of the covid era was less about labor rate decreases and almost all about micro economic factors that were in place. The spreads and set up was unreal.

And they weren't doing any major maintenance/turnarounds or executing new projects, so of course the staffing was at bare minimums. You can't run like that for extended periods of time.

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Shell "offered" early retirement to just about everyone over the age of 50 around 15 years ago. They figured they had enough data to replace their experience. It bit them in the behind bigtime within 5 years. Many were called back as consultants, but refused, especially during the huge cost overruns during mega expansion at Motiva Port Arthur. A former contract administrator estimated that overrun to be at a minimum $10 billion and likely double. He refused to get involved in that can of worms when due life was great in retirement.

FTR, everyone lost their arse through 3Q of 2020 in oil and refining.