Oil giant Shell is closing a lubricating oil plant at its Pernis complex near Rotterdam but all 70 staff will be redeployed elsewhere, the Financieele Dagblad says Monday.

The factory is 60 years old and no longer efficient enough to meet today’s standards, a company spokesman said. It would also be too expensive to rebuild the plant and demand for this sort of lubricating oil is shrinking. Shell has a total workforce of some 2,000 in Pernis spread over 40 different factories.