LONDON (AP) — BP has announced it will cut an estimated 200 staff jobs and another 100 contracting jobs in light of falling oil prices.
The company said Thursday the cuts will be made in onshore roles, not in offshore operational positions. Regional president Trevor Garlick said BP remains committed to its North Sea operations but needs to take “specific steps” given the challenging economic environment.
He cited toughening market conditions as a reason for the cuts.