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Oil job losses worse than expected in UK

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Staff Writer | September 6, 2017
The number of job losses in the UK oil and gas sector was worse than expected last year.
Oil job losses
Britain   Oil & Gas UK
Trade body Oil & Gas UK's annual report said 60,000 direct and indirect jobs were lost across the industry in 2016, more than the 40,000 it had predicted.

The report said the sector could lose another 13,000 jobs in 2017.

However, it suggests that while some companies are still reducing headcount "the largest reductions may now be behind us."

The oil and gas industry still supports more than 300,000 jobs across the UK but that is 150,000 less than the peak in 2014, the report said.

The report said there were 28,300 people employed in direct oil and gas activities, down from 41,300 in 2014.

Indirect jobs fell from 206,100 to 141,900, the report said, and induced employment dropped from 216,500 in 2014 to 132,000 this year.