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.
The number of employees in the North Sea will be reduced over the course of two years - but the majority will be laid off this year, the spokesperson tells Bloomberg. BP currently has about 3,000 employees on projects in the North Sea.
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