UK oil industry brace for 10,000 more job losses

by | October 19, 2015 10:38 am

Two of the biggest independent oil explorers in UK’s North Sea have predicted a further 10,000 jobs will be lost from the sector, indicating a growing acceptance that oil prices are stuck in a prolonged slump. Since late last year, 5,500 people directly employed in the industry have lost their jobs — 15 percent of…

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