UK oil giant BP to cut 600 jobs from North Sea

UK oil giant BP has announced plans to cut 600 jobs from its operation in the North Sea, part of 4,000 jobs globally.

It comes as profits continue to suffer as a result of a 70% collapse in oil prices leading to a big cutback in investment across the oil industry.

The North Sea job cuts are expected to take place over a two-year period.

Sarah Smith reports.

  • UK