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BP to slash 600 North Sea jobs after oil price plunge

British oil major BP has announced a staff reduction of 4,000 employees at the company due to the continued decline in oil prices. The move includes 600 jobs in the North Sea, writes Bloomberg News.

Photo: Maersk Oil, Pressefoto

UK-based oil company BP will now make drastic cuts in staff as a consequence of the sliding oil price. According to a spokesperson from the company, David Nicholas, the layoffs will encompass a total of 4,000 employees, 600 of which are deployed in the North Sea production.

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