BP to spend $1 billion on thousands of job cuts
http://www.reuters.com/article/2014/12/10/us-bp-restructuring-idUSKBN0JO0QN20141210
BP will cut thousands of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices.
The British oil major said it was also considering deeper cuts to its 2015 budget beyond the $1-$2 billion reduction already announced in October, as a result of the oil slump.
Oil and gas sector ‘could lose 35,000 jobs in next five years’
http://www.bbc.com/news/uk-scotland-scotland-business-30395972
The study - commissioned by industry body Oil and Gas UK, industry skills and safety body Opito and the Department for Business, Innovation and Skills, says jobs could fall from 375,000 to 340,000 by 2019.
It also estimates 12,000 new workers will be needed for the UK sector.
The study is called ‘Fuelling the next generation’.
Oil and Gas UK said the sector has a £35bn supply chain and provides one in every 80 jobs in the UK.