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.

BY JOHANNES HARTKOPF-MIKKELSEN

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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