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BP to cut 600 jobs in North Sea but will invest $2bn there

Staff writer ▼ | January 12, 2016
BP has announced plans to shed about 600 jobs from its operations in the North Sea. The majority of the staff and contractor posts would go this year, with the rest expected to be lost by the end of next year.
BP North Sea
Oil industry   The majority of the staff and contractor posts would go
The job losses amount to about a fifth of BP's North Sea workforce. BP said it was taking the step in the face of "toughening market conditions" but added that it remained committed to the North Sea.

The cuts are among 4,000 posts BP plans to shed from its global oil exploration and drilling business.

Mark Thomas, regional president for BP North Sea, said: "We are committed to the North Sea and see a long-term future for our business here. For example, in 2016, we are continuing to invest around $2bn of capital into North Sea projects and a further $2bn in running our North Sea operations.

"This will sustain many hundreds of jobs both in BP North Sea and our supply chain going forward."


 

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