Lewis Macdonald : North Sea job cuts show recovery not yet complete

24 May 2018

North East Labour MSP Lewis Macdonald today warned that recent announcements of job losses in the oil and gas industry show that the industry has not yet recovered from the oil price crash of 2012.

Repsol Sinopec Resources UK today announced that it is going to cut 70 onshore jobs in Aberdeen, while BP has confirmed 450 jobs are to be cut worldwide.

This follows announcements in April of 450 UK job losses at Conoco Phillips, and 90 jobs cut at Petrofac.

Lewis said :

“The results of the 28th Oil and Gas Survey, which show that optimism is returning to the industry after a difficult five years, is welcome news, but the announcement of more than 1,000 job losses in the oil and gas industry in the last month show that a complete recovery is still some way off.

“Companies are still being forced to make cuts and savings in order to remain competitive.

“Staff are still facing a difficult and uncertain time, even as the industry can see a light at the end of the tunnel.

“Further job losses go to show that the job is far from over for the Scottish Government or the UK Government, and that agencies need to continue their work in the North East to support the oil and gas industry, as well as those who have lost their jobs.”