UK Oil And Gas Shed 60,000 Jobs In 2016

The UK oil and gas industry lost 60,000 jobs last year,
according to Oil & Gas UK’s latest Economic Report. That was
20,000 jobs more than the authority had initially predicted but, it
said, the pace of job loss is slowing down. So far this year, Oil
& Gas UK said, the rate of job loss has been 4.2 percent, down
from 15.6 percent in 2016 and 19.4 percent in 2015. The authority
projects that 2017 could see the loss of another 13,000 jobs, with
the total of people employed in the industry either directly or
indirectly, falling to 302,200.…

The UK oil and gas industry lost 60,000 jobs last year,
according to Oil & Gas UK’s latest Economic Report. That was
20,000 jobs more than the authority had initially predicted but, it
said, the pace of job loss is slowing down. So far this year, Oil
& Gas UK said, the rate of job loss has been 4.2 percent, down
from 15.6 percent in 2016 and 19.4 percent in 2015. The authority
projects that 2017 could see the loss of another 13,000 jobs, with
the total of people employed in the industry either directly or
indirectly, falling to 302,200.…