Media: BP to axe hundreds of North Sea jobs

One of the world's biggest energy companies, British BP, will explain to employees at a meeting in Aberdeen how the company's cost reductions in the North Sea will impact things going forward

Cost reductions in the energy sector have now also reached BP's projects in the North Sea. Financial Times reports that the British energy company is meeting with employees in Scottish oil hub Aberdeen to explain how the cost reductions will impact production and investments.

According to the newspaper, it is expected that the several hundred of the company's 3,500 employees will lose their jobs.

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