BP group’s operations in Angola affected by lay-offs

15 January 2016

The activities of the BP oil group in Angola will be affected by the announced dismissal of 4,000 workers worldwide over the next two years, the group’s spokesman told the Financial Times.

The spokesman did not specify, however, whether there would be layoffs or just containment of costs and recognised that the measures to be taken “are related to the need to be more competitive in a business environment with increasing challenges.”

The cuts, the newspaper said, citing the head of communications of the BP Group, “will lead to reducing the number of workers involved in prospecting by 17 percent to less than 20,000 and affect operations in Azerbaijan, Angola and the Gulf of Mexico.”

The announcement comes at a time when oil prices are particularly low, at around US$30 per barrel, forcing major oil companies to reduce the number of employees and to hire third party services and staff. (macauhub/AO)