Job losses#

Oil & Gas

Scots escape job cuts at General Electric

General Electric’s 5,000 Scotland-based employees will not be affected by plans to cut about 600 UK jobs, the US firm said yesterday. The redundancies at General Electric (GE) form part of the industrial giant’s wider plans to lay off 6,500 staff members in Europe, where it employs 100,000 people. Most of the 600 UK job losses are expected to take place at GE’s sites in Rugby and Stafford in England, a spokesman for GE said yesterday.

North Sea

Latest job losses add to figures estimated last year

In July 2015, Oil and Gas UK said North Sea industry had suffered 5,500 direct job losses from the start of 2014 to June 2015. In a report published in September, the same organisation estimated that about 65,000 oil and gas related jobs had been lost in the UK over the same period. Since then, at least 1,000 more have been revealed:

North Sea

BP to axe 4,000 jobs, 600 in North Sea

Oil major BP has today informed staff members of plans to slash its North Sea headcount by 20% amid “toughening market conditions”. About 600 of the 3,000 staff members and agency contractors tied to the company’s North Sea operations will be made redundant, a spokesman for the company said. Of the 3,000 staff members, 1,800 work in Aberdeen, 500 are employed offshore, 200 are based at Sullom Voe on Shetland, 200 are in the Grangemouth area, while a further 250 are in South Korea on contracts linked to BP’s Quad 204 and Claire Ridge developments.

Oil & Gas

GE Oil & Gas announces planned job losses in Peterhead

Energy firm GE Oil and Gas today announced plans to cut jobs at its facility in Peterhead due to low oil prices. GE employs about 130 people at the base, where components used in the oil and gas industry are made. The firm, which also has operations in Aberdeen and Montrose, did not specify the exact number of staff members it intends to lay off, or the amount of money it expects to save as a result of the measure.

Oil & Gas

Chevron to lay off 1,500 workers amidst oil price slump

Chevron Corp, the second-largest U.S. oil company, said on Tuesday it would lay off 1,500 employees, about 2 percent of its global work force, as it trims costs to offset declining crude prices. Nearly all of the layoffs will be in Texas, where the company has expanded in recent years to develop land in the Permian shale formation, and California, where Chevron is headquartered. Fifty international employees will be laid off and roughly 600 contractor positions will be canceled, the company said in a statement.