Job Losses

  • BP Declares 44% Drop in its Profit in Q2 2016

    BP Declares 44% Drop in its Profit in Q2 2016

    Wednesday, 27th July 2016
    BP reported that its profit for the second quarter of 2016 has dropped by 44% to $720m, compared with $1.3b for the second quarter of 2015.
  • UK Expected to Lay Off 120,000 Oil Workers by End 2016

    UK Expected to Lay Off 120,000 Oil Workers by End 2016

    Sunday, 12th June 2016
    The aftermath of the international downturn in the oil and gas industry, in the UK – which has been struggling with this sector since mid 2014 – is expected to lead to 120,000 job losses in the sector by the end of 2016