UK's oil and gas industry braces for further job cuts
by Severin Carrell Scotland editor from on (#KWS6)
Oil & Gas UK repeats calls for tax breaks and Treasury incentives and says more jobs will go as cost-cutting continues
The UK's oil and gas industry expects to continue shedding jobs and heavily cutting its costs despite reducing its workforce by more than 65,000 in the last 20 months.
The annual economic report for Oil & Gas UK disclosed on Wednesday that the total number of people employed in the sector had fallen from 440,000 to 375,000 since the beginning of 2014, largely due to the crash in world oil prices.
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