BP is expected to tell its 3,500 North Sea oil staff today that some are to lose their jobs as its looks to save costs amid the plunging cost of oil.
Sky sources say 300 jobs are involved. BP is due to brief workers in Aberdeen today on its plans, which it had previously said would result in $1bn (£630m) of restructuring costs this year,
BP is keen to ensure its business in the North Sea remains competitive and sustainable for the long term as Brent crude costs hover below $50 per barrel - down from $115 last June.
The company said on Wednesday: "It has been well signalled around the industry that costs have been rising and we need to respond to toughening market conditions in line with our competitors and move our cost structure into a competitive and sustainable position."
It was due to make its announcement 24 hours after the governor of the Bank of England, Mark Carney, warned that falling oil prices represented a "negative shock" for the Scottish economy - but a "net positive" for the UK as a whole, given benefits for consumers.
Shell and Tullow Oil are among other oil firms which have scaled back their investments.
Tullow reported on Wednesday that its gross annual profits were expected to fall by more than half on 2013 - and it was taking a writedown of $600m due to asset revisions.
It also raised the prospect of major job losses - warning that: "A major internal review of Tullow's organisation is ongoing which will lead to substantial long-term cost savings and efficiencies across the group."
Tullow added that it expected to announce the details at its full-year results on 11 February.
Its share price rose 3.2% in early trading when markets opened for business on Thursday while BP saw a 2.3% boost.
While mining and energy stocks generally recovered some ground following sharp falls on Wednesday, investors tend to like news of cost-savings because they protect profits.
Unions however warned of the potential for long-term damage to the country's energy capacity as a result of falling investment.
The RMT claimed tens of thousands of jobs were at stake.
Its general secretary, Mick Cash, said: "In the wake of the current price slump, RMT is demanding that Westminster and the Scottish Parliament adopt a crisis management approach to ensure sustained production, maintenance of infrastructure, retention of skills, and a robustly regulated regime in the future.
"If immediate action isn't taken then we risk turning today's crisis into longer term damage that would threaten the very core of our offshore industry.
"This is no time for playing politics when the security of UK energy supplies is on the line."
Anda sedang membaca artikel tentang
BP Due To Cut North Sea Jobs As Oil Costs Dive
Dengan url
http://rumputbirukuning.blogspot.com/2015/01/bp-due-to-cut-north-sea-jobs-as-oil.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
BP Due To Cut North Sea Jobs As Oil Costs Dive
namun jangan lupa untuk meletakkan link
BP Due To Cut North Sea Jobs As Oil Costs Dive
sebagai sumbernya
0 komentar:
Posting Komentar