BP to axe one in five North Sea jobs as oil giant cuts 4,000 staff worldwide | Business | The Guardian:
"BP is to cut 4,000 jobs in its global exploration and production business over the next two years, including 600 in the North Sea, representing about a fifth of its 3,000-member workforce there.
Blaming low oil prices, BP said the majority of the jobs would be lost this year, with the rest to go by the end of 2017.
The cutbacks form part of a major reduction in BP’s global “upstream” workforce – those who work in oil exploration and production – from 24,000 to less than 20,000 by December 2017. They come a day after oil and gas services firm Petrofac warned it would cut up to 160 jobs in the UK as part of business restructuring."
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