BP

Type
Internal restructuring
Country
United Kingdom
Region
Scotland;
Location of affected unit(s)
Sector
Mining / Quarrying
06 - Extraction of crude petroleum and natural gas
06 - Extraction of crude petroleum and natural gas
06 - Extraction of crude petroleum and natural gas
300 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2015
Employment effect (start)
15 January 2015
Foreseen end date

Description

Major UK oil company, BP has announced plans to cut 300 jobs in the coming months. Around 200 on-shore staff and 100 contractor roles will be lost after a review of the company’s operations in the North Sea. The company’s North Sea operations are headquartered in Aberdeen in Scotland. BP has a current workforce of 3,500 employees in the North Sea with an additional 11,000 working elsewhere across the United Kingdom. While the company has said that it sees a long-term future in the North Sea, challenging operating conditions, including a fall in the world price for oil, has been cited as the main reason for reviewing its operations.

Sources

Citation

Eurofound (2015), BP, Internal restructuring in United Kingdom, factsheet number 78143, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78143.